Disliked{quote} It is a little bit risky to jump in any USD pair right now though. So if i were you, i would approach USD pairs with caution. Even though i am sure it will go down further, a bad NFP report will cause a correction which can make you lose 50 or 100 pips quick. Also you would miss the chance to sell on top of that correction. But there's a reward. If NFP numbers come out good, you would probably see profits quickly. So if it is so tempting to short EU and GU for you now, i would say try the market small. Don't go all in, don't use the lot...Ignored
Also if, it falls I will try to find any highs to enter for the downside too.
I trade on smaller timeframe from Monthly, or weekly and use them only for direction.
I feel better going in and out of trades every week and if, that costs I have to sleep without any worries.
Thanks for the suggestion looks good for any rise/drop above forementioned NFP numbers! Risk management is a must here. Many new traders will carry that out!
Looking for profitable short term trades ...|
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