To Get Ross' Free Forex Update Analysis - Click Here: http://mytotalsupport.com/cpv/base.php?c=86&key=fd5d14f7ec45b14d31a944108238114b&ls=youtube&keyword=non_farm_payroll&ad=lMZ1LCT6mF0 If it holds there and we get negative sentiment after NFP, we look for this to turn around from the green zone, 0.7500 or so, and go back up. If it’s significantly positive for the US and we can get this to break down through 0.7500, we look for the continuation of the current downtrend as we look for it to go lower. So, if you’re in the trades from the other day like I am, lock in profit. I’ve removed the trade manager. I’ve locked in profit with a hard stop loss. Let’s hope for the breakdown of 0.7500 on our news today, the breakdown of that low, and we’re probably looking for it down into the mid to low-0.7400s on that move. Now, the opposite side. Again, we could see a significant pullback even back towards the 0.7600, the purple-shaded area here, or higher if it’s a negative sentiment after our news today. Next, let’s move over to the NZDUSD. Same thing here. We have the trade going over the past several days. 0.7010 was the short. Currently sitting about 44 pips. We’ve seen a good bit more than that throughout the life of the trade, but currently sitting 44 pips. Let’s go ahead and zoom it in. Blue trend line. Remember that blue trend line as we zoom in. Let’s go ahead and take it in. There it is. Look at this, walking right down it for the past couple of weeks. Last three days, we’ve been just underneath the pink-shaded area. 0.6970, 0.6980. That’s the pink zone down here. We’ve been sitting just underneath that for the past few days. Our short is all the way up here at the orange zone. So, we don’t want it to get back above the pink zone. If it’s a bearish move after NFP, we’re back to the yellow zone, 0.6950, 0.6940. The black box. The bottom of that black box is what we need to see. The breakdown of that, we clearly look for the target all the way back down to the green zone. If we can get it to get through the bottom of that black box, the yellow zone, 0.6940, we’re all the way back down towards 0.6900. If it’s a negative sentiment, breaks back above the pink zone and 0.6980, we could be looking for some reversal for this pair. Take it down to the four-hour even. And as we get down here, look at this resistance into this pink-shaded area. Our current stop loss is locked in. Can’t lose. We’ve closed some profit on the trade. Can’t lose, but we definitely want to see it stay under the pink zone. Positive sentiment for the US, we target back down to the yellow zone, which is our last support at the bottom of that black box and, again, a breakdown of the yellow zone. The green zone way down here at the bottom at 0.6900 becomes our target for the NZDUSD. And the worst case scenario: negative sentiment. We look for it to get back above the pink zone, take us out at our locked in stop loss, and potential for it to be back at the orange zone or higher for the NZDUSD today. https://www.youtube.com/watch?v=lMZ1LCT6mF0 Disclaimer: This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. Forex Traders Daily including its analysts shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember derivatives and FX spot carries significant risks and may not be suitable for all investors. Losses can exceed your deposits.
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Duration: 11m 33s
Rating: 5