Trade closed manually. USD short anticipation trade?
I have closed yesterday's NZD JPY trade for a small profit of +0.6. (to avoid NFP risk).
With an early close today due to independence day tomorrow, it's debatable whether there will be a post NFP opportunity.
I do think there is a case to say a pre event USD short 'anticipation' trade is a viable option. Something like an AUD or EUR USD - buy stop order a few minutes before the release. The reasoning being that the consensus is for a below forecast number, which would compound USD weakness.
The risk being NFP is particularly volatile and any triggered trade could whipsaw as the market digests the numbers.
Personally, it's not a trade I'll be attempting, I'm just saying I think it's a reasonable idea.
Wishing you a lovely weekend, today I'll be designated photographer as Michelle graduates her PGCE.
Weekly Review to follow, please feel free to email any thoughts or questions: johnelfedforexblog@gmail.com