Todays NY open was lower that Friday’s high and higher than Friday’s low. Our trading day was engulfed by the last. This was a warning to aggressive traders that the market was not going to do much today. Up or down? The Flag Pattern was a big clue… Live FOREX Training | Everyday! http://www.fxbootcamp.com

Friday, February 2nd, 13:00 GMT (8:00 EST) FXstreet.com and FX Bootcamp will present the 9th edition of the Special Event: Trade Non-Farm Payrolls LIVE with Wayne McDonell.

Learn the keys of trading with this economic report and enjoy the experience of asking expert questions while the market it’s moving. Focus is put on trading conservatively with patience and discipline.

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Today started slow and ended fast. Most traders waited, waited and waited for price to show direction. The New York open didn’t do it, the US News didn’t do it, and the London close didn’t do it… but it DID break! Learn how to use Fibs and Pivots to predict direction and profit target. Today was also a great example of a Triangle Breakout trade strategy. Live FOREX Training | Everyday! http://www.fxbootcamp.com

Fibonacci retracements and extensions were very helpful day. Fibs were used as a leading indicator to predict profit targets and they were also used to confirm a trend reversal. Thank you Leonardo Fibonacci! Live FOREX Training | Everyday! http://www.fxbootcamp.com

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

The Fibs were pointing down, no doubt about that. But the market had hit the 138.2% extension target BEFORE the European Session even started. After several hours of heading back up, divergence had set in. Down again? Live FOREX Training | Everyday! http://www.fxbootcamp.com

Everything pointed down on the charts for the last few days. However, the US Session openned within a tight range. The EUR/USD did not move much during the Asian and European trading sessions, so why would it do so now? Without much news on the calendar, there was little reason to break out of the range. Live FOREX Training | EVERYDAY! http://www.fxbootcamp.com

There was nothing but USD strength across the board today. Everything pointed down on the EUR/USD charts. A brief 50% Fibonacci Retracement at the New York open pointed us to the 138.2% Extension. If that holds true, being below the M1 Pivot Point, it could be a long ways down from there! Live FOREX Training | EVERYDAY! http://www.fxbootcamp.com