Singapore Forex Trading | EUR/USD – Delayed NFP Price Surge
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The EUR/USD has been pretty quiet for the past few days, hovering near the previous high and awaiting the delayed NFP.
I was monitoring it on the M15 timeframe, and although I missed the initial strong breakout, I waited patiently for a pullback which netted a quick $520 USD profit over the next few hours.
For my exit, I used the T=T profit-taking method to catch the end of the trending move. This coincided perfectly with the short-term top.
With such a strong move, it is likely for the momentum to carry on for the next few days. I will be watching for opportunities either way.
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Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
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