How to trade US GDP Report Release like a Pro

How to trade US GDP Report Release like a Pro

Other forex traders and forex signals service will ask you to trade after the US GDP release. We use Best Price Strategy to trade with less risk and avoid many news trading mistakes and trade before the release of major economic events many hours.

April 29: GBPUSD – Best Price Level To SELL is 1.5395 and GBPUSD Open Price is 1.5330

We sold GBPUSD at 1.5394-1.5395 before the US GDP Release and GBPUSD dropped quickly to 1.5350-1.5360 zone.

However, GBPUSD didn’t break the 1.5350 level and was still above the Open Price 1.5330 to indicate the direction of US GDP report. As a result,  we took profit the SELL GBPUSD for 39 pips profit ($3600 profit)

How to trade US GDP Report

When to keep the GBPUSD trade: If GBPUSD broke the 1.5350, we would keep the SELL GBPUSD because the market was expecting a good US GDP number.

In summary: ForexSignals247 Best Price Strategy helps you to trade with less risk and high reward

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