GBPUSD neutral

We trade in kickbacks!

20 january 2022 80
Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
1st in the segment "Crypto"
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Today at 16:30 Moscow time, data on initial and continuing jobless claims in the USA will be updated.

 

These indicators have proved themselves in the kickbacks trading.


Forecasts suggested that the number of initial claims should be reduced which means that a certain strengthening of the US dollar with the respect to other currencies.

 

Regarding continuing claims, their growth is predicted that involve a certain weakening of the US dollar.

 

So, we should gather our courage and choose a volatility pair with the US dollar, for example, GBPUSD.

 

For 1 minute or better for 20 seconds before the updating of indicators, we set two pending orders of SellLimit and BuyLimit out at the price that is higher and lower the current price for 0.1%. We set the Take Profit order at the opening price of the 15-minute candlestick in the moment of indicators updating. We keep the spread in mind and wait for orders to work out 😊


The order installation will look more or less as it presented in the picture.


Based on today’s currency pairs quotes, it is the case of almost 120 pips of profit multiplied by two.

It remains to be seen!

Elena_Baklanova
Elena_Baklanova

Listed among the best MarketCheese authors
1st in the segment "Crypto"
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