GBPUSD neutral

Today trading GBPUSD M15 on NonFarm Payrolls

02 july 2021 95
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
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Like every first Friday of the month, today is the release day of the (un)employment data in the US, including figures for the change in the number of people employed in the non-farm sector.

Usually NFP shakes the market, and the volatility of US-related assets tends to rise.

One minute before the news is announced, set two pending orders at the level +/- 0.1 of the current price in both directions, and immediately set TP = 0.1% of the current price.

At the moment when NFP gets released, drag your orders so that TP gets to the open of the 15-minute candlebar that corresponds to the time when the news is announced, and then set the order in the direction of the news, i.e. if NFP rises, set SellLimit, if NFP falls – set BuyLimit.

Usually the order gets triggered and closes with profit.


Daredevils can place both orders, and it is likely that thanks to volatility both of them will get triggered.  

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segment "Indices"
2nd in the segment "Currencies"
3rd in the segments "US stocks" and "Oil and gas"
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