Technical trading often rules on a post-NFP Monday with no major news, and today was no exception. Some technical clues during the first hour of today's New York session suggested that the US dollar weakness, which had been prevalent since the London open, was coming to an end. Two short trade setups on the EUR/USD both based on a break of support, followed by an entry on the pullback netted a cumulative 100 pips prior to the London close.
The reason I love this one is that I can never seem to figure out how to get in after I see a big candle. This setup was very helpful. Thanks!
gaberight 3 years ago