With the NFP out of the way and not providing enough momentum to break any level, the market will look toward FOMC to make its next move. Todays initial sell level of 11327 on the USD/CHF paid out twice how be it the second was against NFP so order moved higher in case of volatility to 1.1367 on the top and 1.1246 on the low side. The aud orders from 8797-8808 were tripped moving it right under next set of 8830 as expected. Look to lock in profit targeting .8750
Keeping light size on trades as is friday which can exaggerate a move and with fomc next week not looking to enter fresh trades rest of day. Will just hold current trades and depending on price action adjust targets as do want to be out of market pre fomc to take advantage of post fomc moves
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
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Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
