The much anticipated US Non-Farm Payroll release is tomorrow morning at 8:30a ET. This is arguably the largest market moving event for the USD.
If you wish to trade the report, follow this News Reversal Strategy. ( How to Trade the US Jobs Report on Friday)
Below is a chart of how the set up would have looked in September 2011.
A trader would have noticed prices near the top of the range and placed a sell order at 1.4250. The stop loss would have been at the top of the range near 1.4290.
Catch Trading Instructor Walker England at 9:15a ET tomorrow morning just after the release on the US Market Opening Bell. Walker will digest the report and share any trades that appear to be setting up as a result of the news release.
The webinar will be conducted inside the DailyFX Plus Live Classroom.
Login HERE with the temporary password noted below:
Username : dfxedu
Password : dfxedu24
---Written by Jeremy Wagner, Lead Trading Instructor
To contact Jeremy, email jwagner@dailyfx.com. Follow me on Twitter at @JWagnerFXTrader.
To be added to Jeremy’s e-mail distribution list, send an email with the subject line “Distribution List” to jwagner@dailyfx.com.
