Well, NFP was down considerable and much worse than expected, however, employment numbers were better than expected ... Let the market digest this over the next 1/2 hour and we wil look to see if there are any formations we like at the close of the 9:00 am candle. This should take most of the steam out of the news. At 10:00 however, there is high imapct IVEY PMI out of Canada, so be cautious trading this pair at 10:00 candle open as that will likely have an effect on the direction that candle goes (at least initially).
Please look for setups (and post them here if you like) as we wait out the next 30 minutes or so.
I am seeing eurchf going short at top of channel and previous horizontal support/resistance. Also USDCAD going long at bottom of channel, BUT as mentioned above there is news at 10:00 .,. so wait this one out and se if news out of Canada will help the price bounce up.
Please look for setups (and post them here if you like) as we wait out the next 30 minutes or so.
I am seeing eurchf going short at top of channel and previous horizontal support/resistance. Also USDCAD going long at bottom of channel, BUT as mentioned above there is news at 10:00 .,. so wait this one out and se if news out of Canada will help the price bounce up.