July 1, 2021
5 Price Action Trades for Non-Farm Payrolls
One more day left this week, let’s make it count!
We’re going into Non-Farm Payrolls tomorrow morning, and with a Holiday Weekend ahead of us, we need to pick our entries wisely…
Not to worry, there are plenty of opportunities to look for tomorrow morning. Let me show you my favorites…
E-Mini S&P (ES):
E-Mini Keys to Success:
- Trending Market = Continuations, Reversals, Watch for New Ranges
- Bulls have control of momentum, but with measured-move resistance, and a range magnet below us, we need to be careful buying up here.
- I’ll be looking to sell reversals off the highs, buy pullbacks off channel lows, and trade breakouts on the way to the ‘Battle Zone’ overhead.
Top 3 Trades for Tomorrow:
- UP – buy the bull breakout (or) sell the 2-Try Reversal
- DOWN – buy the seller failure (or) sell the 123-Reversal
- SIDEWAYS – wait for new range to form, then buy low with failures.
E-Mini Nasdaq (NQ):
Nasdaq Keys to Success:
- Range Market = Failures, Rotation & Breakouts
- We’re still trading inside the same range from yesterday, now with the bulls looking to complete rotation back to the high of the expanding triangle and pendulum-swing targets overhead.
- I’ll be looking to buy pullbacks off the low of the channel, buy breakouts running higher, and selling reversals if we have enough strength.
Top 3 Trades for Tomorrow:
- UP – buy the 2-try trap (or) buy the 123-breakout
- DOWN – buy the seller failure (or) sell the 123-Reversal
- SIDEWAYS – avoid the range, buy low or buy the breakout
Gold Futures (GC):
Gold Keys to Success:
- Range Market = Failures, Rotation, Breakouts
- Bulls took control into a range this morning and are trying to complete the pendulum-swing rotation back to the high tomorrow morning.
- I’ll be looking to buy pullbacks off the low of the channel, buy breakouts going higher, and sell breakout reversals on strength.
Top 3 Trades for Tomorrow:
- UP – buy the breakout going higher
- DOWN – buy the seller failure off support (or) sell the breakout reversal
- SIDEWAYS – avoid the middle and wait for a breakout to buy low.
