An overview of the
currency markets by 
Hello everyone.
With the non-farm payroll coming at us in a couple of hours, this is where we look for trade set-ups to take, once we hear what the actual numbers are and the market’s reaction to the numbers.
In this trade set-up, we actually scanned the daily charts first and then broke it down into the hourly charts.
We have completed a Wave 1 and 2 and am in the process of a Wave 3. Remember, the 3rd Wave of an Impulse must be impulsive. We completed wave “i” and am now forming wave “ii”.
Depending on the numbers and market’s reaction, look for a surge down and then an overall reversal back up.
Be sure to read Pierre Charlebois’s blog on how the NFP figures will affect the USD and steps to take to trade during the NFP.
We wish everyone happy trading during the NFP.
Hi Ross
Fonts you use are too small. Can you please increase them? It would make reading your posts much easier. They are interesting, no doubt.
Regards
su25
Hello su25,
Thank you for your comment. I’m sure many people have been thinking the same thing. The font size when I’m writing my posts is much larger than what you see here. So, I put the font size as second from the largest and on my latest post, it seems to be a lot larger.
Thanks again for your comment.
Thanks for the article. Its cool. I was reading about how the out look is for USD/CAD on a short trading. Your article was from last month but i cant put in into perspective. Your were right on track about the predicting it will go up. It did go up. I am wondering if you have any more prediction when the market opens on Sunday in Canada?
Thanks.