NFP Nov 2024 – After Market Analysis

Hello traders!

🟩 As the major news release of US Non-Farm Payroll (NFP) hit the market, we got to witness an excellent price movement surrounding the Gann levels where the market had accurately touched and reacted. Will be covering two of the major currency pairs, USDCHF and GBPUSD’s price movements here today!

USDCHF: The volatile market after the news release has become somewhat stable now, and the price has gone back up to the Gann Intraday Level after a drop. Right now it is heavily testing around the Gann Intraday Level of 0.867. If it breaks the resistance, it can be predicted to go bullish till the next Gann level. If it fails to break that, it may fall to the Gann level of 0.866 and 0.864 again.

GBPUSD: As the market hit the Gann Intraday Level of 1.295, it went into a range for a couple of minutes, creating a price action pattern (bringing a new post on how to trade price action with Gann Levels soon). As per the price action, the market can be said to go bullish till its target which is another Gann Intraday Level of today!

Gann level has proved to be one of the most accurate Gann trading indicators out there time and again! Trading is not complicated. Some good trading indicators and a suitable strategy as per your trading style are all you need!

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Happy Trading! 😎