Today important economic data will be released:
ðšðļ Non-Farm payrolls
ðšðļ Unemployment rate
This is important as during such days market loses volatility as everyone fears to open trades before they know for sure what happens in #1 world economy.
If you look at the charts, we can see clearly that morning should have been bullish.
1. Volume at bottom as a sign of strength from buyers
2. Broke the trandline after long accumulation.
However, after trendline breakout there no significant bullish movement, meaning that players are not ready to enter the game yet.
It's better to wait until 08:30 GMT-4 and trade volatility.
Not having a position is also a positionâïļ
What do you think of this idea? What is your opinion? Share it in the commentsðð
If you like the idea, please give it a like. This is the best "Thank you!" for the author ð
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones