After Spike trading is something that I have been developing for some time.
I have analysed many many trades to work out when and where to enter
after the initial spike starts to retrace…and I’m certain that although
there are similarities between all the different pairs, each pair has
its own characteristics, and behaves slightly differently. It’s
imperative therefor that each trade plan for each news event is
customised to take into account the pair you are trading….. for example
GBPUSD can retrace heavily, especially on a CPI trade. Where as CADJPY
doesn’t retrace much on US news… they provide different opportunities.
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