781 we took a buy signal up to 820,trading is looking pretty slim now,we will soon see a push in one direction,more likely downward,I wouldn't be long until we see further weakness maybe a retest of 781,price rejection at 837 spike through BB looks like a sell signal.
No trades today so far,china is the news again,plus VW fine by US ,major support areas will get tested yet again,any signals will be difficult to trust today.Some scalping later if I see some strong level support.
What a day yesterday was,I got knocked out a few times,lucky I had tight stop losses,my last trade paid off.I went short at 925,stop loss 930.I was expecting to see further weakness when the Asian market would open,which it did.I closed out at 870,maybe a bit soon as I see further weakness now,can't be to greedy!
So what do I make of NFP today,I think we will see lower numbers than expected or as expected,but it looks like the market is already pricing in weaker numbers,I suspect a rise in the euro,we will watch for the trend after the numbers,7-10 mins after.
Better numbers than expected out of Germany,US T notes yield higher,Euro stocks got a bit of a bashing,ECB sceptical about further easing,Euro took off before any numbers release based on the news above,I presume.
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