Here’s my personal general plan:
Scenario I: If the NFP is lower, I mind 120K or worse, and the Unemployment Rate it's also bad (9.0% or worse) then I'd be looking to BUY EURUSD or GBPUSD on a retracement.
Scenario II: If we get a positive NFP release (+250K or better) and the Unemployment Rate remains at 8.9% or better then I will be looking to BUY USDJPY, BUY USDCHF, BUY USDCAD, and I think most JPY crosses will move upwards as well.
Scenario III: If the release it's not clear, and we get a conflict, we will wait and see how the market reacts.
Scenario I: If the NFP is lower, I mind 120K or worse, and the Unemployment Rate it's also bad (9.0% or worse) then I'd be looking to BUY EURUSD or GBPUSD on a retracement.
Scenario II: If we get a positive NFP release (+250K or better) and the Unemployment Rate remains at 8.9% or better then I will be looking to BUY USDJPY, BUY USDCHF, BUY USDCAD, and I think most JPY crosses will move upwards as well.
Scenario III: If the release it's not clear, and we get a conflict, we will wait and see how the market reacts.