THE KOG REPORT - NFP

THE KOG REPORT – NFP

This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.

After another successful week on the markets, I would suggest traders take it easy on this one and let them do and take the market to where ever they want, we’ll find the better opportunities next week.

To start, looking at our indicators, we still have room for lower pricing, however, there is a key level above sitting around the 2903-10 region. So, we’ll start by saying if they push this up into that level and reject, as in wick, we feel that’s where a minor correction of the move up may start from. Support here stands at the 2860 level, if held that move may complete. Note, the weekly close is important, and If it want’s to close higher, they will need to hold this above the 2880 region, so if they want to break above we may only get scalps from there.

On the flip, if they take this down, we’re going to ignore the immediate levels and monitor the key levels below 2830-35 and below that on the break the level of 2810 and 2805. These lower levels are important for price to stay above and would represent opportunities to swing long.

Simple one this time, levels are on the chart, less experienced traders should definitely not get involved.

Red boxes:

Break above 2875 for 2883, 2887, 2900 and 2903 in extension of the move
Break below 2860 for 2855, 2850, 2835 and 2820 in extension of the move

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As always, trade safe.

KOG