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Late Session
No. of signal recommendations: 2
End-of-session Results: EUR/USD (-25 pips) and CHF/JPY (+45 pips)
Maximum potential: +55 pips
Own P/L: +14 pips
Buy the rumours, sell the news. Traders were buying into the USD weakness before the non-farm payrolls report (in fact throughout this week) and took their profits soon after the news releases despite having a very bad job number. We managed to stay out this volatility and only followed two signals in the extended late session which yielded a 20-pip profit overall. This gave us, for the week, a total of 210 pips on the major pairs and another 15 pips on the yen-crosses pairs.
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