ridethepig | ADP/NFP Combo Play
업데이트됨
📌 What we are trading here is an event risk play.
This swing illustrated combining both ADP and NFP prints. It is also characteristic for the fearlessness with which USD sellers can to a certain point neglect their own weakness.
The loonie with some broad based USD profit taking as widely expected after clearing initial targets. I am looking to recycle USDCAD shorts on rallies into 1.315x providing initial resistance. It looks like this move lower can at least test 1.295x.
To avoid jumping the gun, shorts are only worth considering at 1.315x (soft resistance) as we are trading an internal structure that must inspire flows. We are trying to nip any rally with ADP prints in the bud with the still latent power of the structural USD devaluation.
As usual thanks for keeping the feedback coming 👍 or 👎
This swing illustrated combining both ADP and NFP prints. It is also characteristic for the fearlessness with which USD sellers can to a certain point neglect their own weakness.
The loonie with some broad based USD profit taking as widely expected after clearing initial targets. I am looking to recycle USDCAD shorts on rallies into 1.315x providing initial resistance. It looks like this move lower can at least test 1.295x.
To avoid jumping the gun, shorts are only worth considering at 1.315x (soft resistance) as we are trading an internal structure that must inspire flows. We are trying to nip any rally with ADP prints in the bud with the still latent power of the structural USD devaluation.
As usual thanks for keeping the feedback coming 👍 or 👎
액티브 트레이드
노트
A quick update to the chart while we wait for NFP:
관련 발행물
면책사항
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