There were a lot of trade entries on forex and futures this morning prior to the market reports.

Trade Entries on Forex and Futures this morning

The GBPUSD was oversold on three timeframes (240, 60 and 30 minute charts).  The 15-minute chart showed trend divergence so a retracement was likely.  With market reports being released at 8:30am New York time, the reports would likely be the catalyst that drives the GBPUSD currency down.  I entered two short positions on the GBPUSD as shown on the chart below and took profits on each after the report release.

trade Entries on Forex and Futures - GBPUSD ShortsAdditionally trade entries on forex and futures was on the USDJPY, immediately prior to the releases, a magenta peak formed on the 30-minute chart with trend divergence appearing on the 60-minute chart, indicating that price was likely to go up at the announcement.  Additionally, the directional volume indicator indicated that sellers were decreasing (weakening) on the lows. With the USDJPY, I did both OTM binaries and spreads and both were profitable.

Entries on Forex and Futures - USDJPY ShortsAlso, there were more trade entries on forex and futures using the emini Russell immediately preceding the market report, two ATRs formed to the downside (ATRs were above price), price tested the ATR and formed hidden divergence.

emini Russell Entry

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