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Forex Signal (Fri, Dec 4, 7:00 am EST) Canadian Employment

Discussion in 'Current Forex Trading Signals' started by Felix Homogratus, Nov 29, 2009.

  1. Felix Homogratus

    Felix Homogratus Commander in Chief

    Joined:
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    Hi there :)

    This is Felix with a potentially profitable trading opportunity...

    Friday, December 4th (7:00 am New York Time) Canada

    We have Canadian Employment Change coming out. It is expected to read 15.3. Last month it read -43.2.

    I recommend trading USD/CAD for this report.

    Please read what this indicator means and how it affects the USD/CAD by going to this link: http://www.forexpeacearmy.com/forex...riptions/7399-canadian-employment-change.html

    The trigger for this indicator is 15. This means that if Canadian Employment Change comes out at 30.3 or more, USD/CAD will probably go down by 40 pips or more in the first 45 minutes of the report. If it comes out at 0.3 or less, USD/CAD will probably go up by 40 pips or more in the first 45 minutes of the report.

    We will also have Canadian Unemployment Rate coming out. Even if it conflicts, I wouldn't worry about it, it most likely won't affect the trade.

    Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.

    To read my after-spike retracement strategy for this report click here: http://www.forexpeacearmy.com/forex...-change-after-spike-retracement-strategy.html

    For example: on November 6th, Canadian Employment Change came out at -43.2, versus an expectation of 10. USD/CAD went up by around 60 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts

    I highly recommend you study the entire history and charts of this report by following this link: Forex News Trading | Details and History for CAD Employment Change m/m

    As always, wait for my email this Saturday, where I will review all successful trades of the week.

    I hope you make some money on this report.
    -Felix
     
    #1 Felix Homogratus, Nov 29, 2009
    Lasted edited by : Sep 8, 2016

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