It is very common knowledge that after a range, comes a major trend move. The challenge is placing trades in the right direction. But since we can not see the future, most traders prefer to set pending orders above and below the range, for long and short trades respectively.

Well, after what has been a rather dull 24hours, my short USDSEK, USDNOK Have started showing some movement in profit direction..

looking at the economic data scheduled for release today, the only thing that jumps at me is the ADP Non-Farm Employment Change.

Could everyone be waiting for that piece of data, before normal price movements resume?



Employment data is a major concern for any economy, so i expect some volatility around that time.
And i know a lot of folks are tempted to go long on the yen pairs, i recommend waiting a little bit. Watch the USDJPY, once it starts heading up, then it is safer to get on that long yen train. just my 2cents....For now i wait for my short USD trades to yield some profit..

happy trading..
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