Forex Trade Signals and Setups Update Mar. 9th
EURUSD – Update From Pinbar Trade
Our pinbar trade from yesterday’s Forex Trade Setups commentary off the key 1.328 level worked like a charm and barely went negative before dropping now 70+pips from entry, all while only having a <20pip stop giving us a better than 3.5:1 reward to risk play.
Many of our price action traders got into this play and did quite well, taking advantage of the NFP event coming up with the market being long going into the event, thus paring positions and causing the pair to fall before the print comes in the next 15mins.
We are now flat and awaiting to see how the report comes and if any price action triggers activate, but overall, a great way to end the week.
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