Good Reversal Signal, But We Can’t Trade It!

There’s another great reversal trade signal on EUR/USD, but the Non-Farm Payroll report is about ten hours away, so we’ll have to set this one out.

If you’re not familiar with the rules of my trading method and major new releases you can read about it at here… The News Can Kill You

Just for education’s sake we’ll take a look at the trade setup…

eurusd-3-7-13

We have a both a multi-candle IB and a Long Wicked Candle that have bounced off a trendline. This would normally be a great setup, but the chances of getting stopped out on the NPF news spike is just too great, so I’ll have to skip this trade.

Phil

By |2015-11-05T22:19:57+00:00March 8th, 2013|Phil's Forex Blog|0 Comments
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