Forex Market Manipulation Around News – Live EUR/USD Trade +50 Pips
Trading economic data is a huge killer for retail traders. Knowing when the news will follow through and when there will be a reversal leads to the inevitable blow-up.
The key to trading economic data is spotting where the traders are likely trapped. Knowing this provides a very high probability entry point and more importantly, a high reward/risk entry point.
Last Wednesday (July 25th, 2019) the EUR/USD provided a beautiful example of how we set up this type of trade. This video breaks down the following.
1.) Identify a high probability manipulation point.
2.) All the news to drive the market into the pre-determined level.
3.) Wait for the stop run to provide trade confirmation.