Important milestone in U.S. employment statistics, video available!

Hello!

Binary FX Research, I am Satori.

Today, I will confirm that the important line at the time of the US employment statistics release in January 2021 was the round number around 103.750.

The figure below is the 30-minute USD/JPY chart as of 22:30 on January 8.



https://livedoor.blogimg.jp/fxmt4indicator/imgs/2/b/2b9f11a9-s.png

In the above image, when the short-term line of the Alligator displayed by CloudFX leads the Ichimōu cloud and an uptrend is formed with the cloud following, the 103.750 level acted as resistance turned into support, and after that it rebounded several times at this line.
In other words, the important line was known in advance.

After the data release, price quickly fell and briefly dipped below the 103.750 round number, but did not reach the Pivot or 103.50, then rebounded and crossed 103.750 again, rebounding once more at 103.750.

Subsequently, it surpassed the previous day’s high at the red horizontal line, formed a pullback, and then exceeded the 104 round number, reaching 104.250.

From a trend-following perspective, entering long above the previous day’s high or around 104.000 and exiting at 104.250 could also be a good approach.

Trading in 25-pip increments with round numbers may provide clear boundaries.

CloudFX automatically draws 25-pip increment round numbers, previous day highs and lows, and Pivot, and you can view direction with the Alligator cloud and the 1-hour trend meter in the sub-window—it's a FX integrated trading environment.

Since drawing lines yourself can be difficult or uncertain, it’s good to make effective use of pre-known round numbers, previous day highs and lows, and Pivot.

The indicators used today are listed below.

Scalping Indicator CloudFX
https://www.gogojungle.co.jp/tools/indicators/27332

This is a introduction video on YouTube.

https://youtu.be/mQKYDBK2G74



Thank you very much for reading up to here today as well.