Look for swing trades on NFP lottery Friday
I’ve just laboriously worked my way through about 25 different pairs, all on the short-term charts, and I couldn’t come up with one decent looking trade possibility. Those that look bearish are already oversold and those that are overbought are in bull mode. It also seems that any pair that is range trading is near to the middle of its range.
As we all know, there are times when the markets are simply very hard to read.
Pick a volatile pair like GBP/JPY and look for decent intraday swings, that’s the best strategy I can come up with at the moment.