I am always hesitant of opening a trade in front of a central bank meeting or the Nonfarm Payrolls because it can be next to impossible to identify your risk on the trade. Successful trading is all about limiting your risk and these volatile events throw too much uncertainty into the situation. Keep in mind that this Friday at about 830AM Eastern, the US Department of Labor will release the Nonfarm Payrolls. So trading will slow as we get closer to Friday with a good chance for another volatile reaction to the release. We will have more on that release later in the week.
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