THE KOG REPORT – NFP

This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price.

Quick KOG Report this month for NFP with the red boxes added and the key hot spots. With price stretched upside on the breakout, a retracement can be on the cards here so for that reason, we wouldn’t want to attempt long trades unless we dip lower, or, we flip and support strongly confirming further upside.

Above, we have a key level on the weekly at the 4350-70 region which if attacked, could give us the RIP to then come back for the rest of the day. A break above that level will confirm higher pricing so any lows rejected can then lead us upside into the 4500’s, but I don’t think NFP will move it there today, that’s for us to look at next week.

Ideally here, I want to see this attack the high RB, stretch out early sellers, give us at least a dip into that 4250-30s region before then attempting another incline.

To be honest, I don’t think I would want to attempt anything on this due to the stretch and a pending retracement. To long we need lower, to short we need higher, we’re stuck in the middle.

RED BOXES:

BREAK ABOVE 4325 for 4332, 4336, 4349 and 4358 in extension of the move
BREAK BELOW 4304 for 4295, 4280, 4267 and 4252 in extension of the move

As always, trade safe.

KOG