fxbootcamp asked:
Pivots were tight due to the holiday. Therefore, they were less reliable. However, good ol’ Fibonacci was rock solid. Fibs picked the top and the bottom for the day… both 161.8%. Live FOREX Training | EVERDAY! http://www.fxbootcamp.com
fxbootcamp asked:
The forex headline number for Non Farm Payrolls was bad today. So the EUR should skyrocket… right? Wrong! Why did the USD strengthen after a terrible NFP release? Last month was revised upward by 60000 jobs. Professional FOREX Traders expected a poor NFP, but no one saw this huge positive revision coming. Boom! As a result, the cable and euro dropped. As usual, a forex trade opportunity developed at the close of the 5 minute candle and a break of support… or a lower low. Pivots and Fibs …
