Today’s Trading Plan 05.05.2017 – NZDUSD

*Good morning/afternoon everyone!*

Its been a quiet overnight session with USD/JPY and EUR/USD failing to extend its gains. We are seeing the usual non-farm payrolls lull. The 8:30 report will cause a rush of volatility that will be followed by comments from Fischer and Yellen near the European close. The commodity currencies remain very weak with CAD and AUD leading the losses. Even if weaker NFP drives EUR/USD higher, we could see profit taking after the big event ahead of this weekend’s French election.

We’re live trading non-farm payrolls this morning starting at 8:15am NY Time so join us!

*The MAIN THEMES I see today are*

USD strength
Commodity currency weakness
EUR profit taking

*Currencies we plan on day trading and the direction*
*These could change during the day, but for now

We will be trading around these themes --

-AUD
-CAD
-NZD
+USD

*these could change after NFP

*Trading Biases*
These will change after US data

-EUR
+USD
-CAD, -AUD, -CHF
neutral GBP, JPY

:triangular_flag_on_post: *Starting Trades*

OPENED AT MARKET NZDUSD Sell
ENTRY -- 0.68887
STOP -- 0.69387
TAKE PROFIT -- 0.68587

Swing

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