NFP Trading Plan Feb 2025.
Weaker NFP data with higher UNEMPLOYMENT CLAIMS (Bullish)
Higher NFP data with Lower UNEMPLOYMENT CLAIMS (Bearish)
Weaker NFP data with Neutral UNEMPLOYMENT CLAIMS (Choppy)
NFP – Forecast 169K vs Previous 256K
Unemployment Claims – Forecast 4.1% vs Previous 4.1%
Here’s the tricky Part. If data comes out as expected (NFP 169K – UEC 4.1%) thats Bullish, but a choppy market up & down until market finds a valid support/trend.
Plan Of Action.
Wait 5 – 15 min after data release.
Identify the S&R zones. Wait for Break or Retest.
Wait for confirmation (Candle close/Volume Break/Retest).
Execute with Proper Risk Management.
STICK TO PLAN OF ACTION!!!
Support & Resistence
Resistence – 44725 – 44750
Support – 44525 -44500
Technicals
Monitor DXY for a weaker Dollar. Currently on the 4hr DXY chart we got a H&S Pattern with MA20 downside cross MA50 and RSI in sell area below 50.
US30 we inverted H&S Pattern with MA20 trading close to MA50 for upside cross and RSI in Buy area above 50.