Hi All,
A check on the 4 currency pairs shows that the market is moving in a range. This is most likely due to the coming release of news at the following times -
3:05 PM CHF
4:30 PM GBP
8:30 PM USD - Non Farm Payroll
Those that are in the money i.e in the profit, please square off half of your position to protect your capital investment and ride the market movement. For those who are not in the trade, please stay away. For those who are not in the money, please square off your position to cut your loss.
Remember to trade with a plan. Set realistic profit target. Cut your loss when necessary.
