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Pre-event price action:
Trend within trends on the smaller timeframes
Patterns that conflict each other - You may get a H&S but with that is a double bottom for example. They do this intentionally to get traders committed to the wrong direction
Ranging price staying close to short term MA's
Swings and spikes all of a sudden - This is a stop loss hunter activation taking liquidity from the high and low of a potential range
Trend within trends on the smaller timeframes
Patterns that conflict each other - You may get a H&S but with that is a double bottom for example. They do this intentionally to get traders committed to the wrong direction
Ranging price staying close to short term MA's
Swings and spikes all of a sudden - This is a stop loss hunter activation taking liquidity from the high and low of a potential range
EU was a short and Gold a long. Absolutely crazy markets
Just goes to show, trade the pair for what it is and what's it's showing you. Sometimes correlations are there to slip you up!
Morning team. NFP day today, there will be no morning review and bias. We will put together an NFP report as we usually do and release before NY open. Newbies and those who are less experienced please do us a favour, take the day off.
THE KOG REPORT - NFP
Please do help support us and the free channel by hitting the like/boost 🚀 button 🙏
Please do help support us and the free channel by hitting the like/boost 🚀 button 🙏