What Pair Trade If Data Released Is Bad For Either Usd Or Euro
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After the news try to take a glance at CHF/JPY chart first before you decide to trade then select the stronger currency and pair it with the currency affected by the negative data released...
Example:
Data: at @ 8:30am (NYT) Employment status of US declined!
1.PRESENCE OF MIND AND DONT RUSHED YOURSELF.
2.PAIR CHF/JPY.
3.IF DIRECTION OF CHF/JPY IS DOWNWARD BY THAT TIME (JPY is dragging down the CHF).
4. TRADE USD/JPY SHORT...
ADDENDUM: IF DATA IS BAD FOR THE EURO (DO THE SAME PROCESS)