madi052893trading

Pattern based trading setup pre NFP

FX:USDJPY   US-Dollar / Japanischer Yen
144 0 4
Hi guys we got NFP report today, as we could expect market volatility in the USD market. Personally I don't care of the news, I use news for a catalyst in the market for a potential market movement and yet sticking on the technical skills we have.

There could be a sell off right here. A pump and dump kind of movement. Sell on the pattern completion aggressively via pending sell stop or manually once news will be announce. Stop would be a good 1:1 RR of 50 pips prior from TP 1 is then TP 2 as we trade managed.

Target 1: 111.28
Target 2: 110.98
Order storniert: There was a 78.60 fibo retracement already as just price went down.
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