📈 Simple News Breakout Strategy 📉 At NordFX, we believe in empowering our traders with knowledge! Today, let's unravel the secrets behind a Simple News Breakout Strategy. Key Rules to News Trading: 1️⃣ Focus on High-Impact News: Success in news trading hinges on high-impact events like changes in central bank policies, government shifts, or unexpected economic data releases. These pivotal moments can spark significant market movements. 2️⃣ Pair Selection: Choose the currency pair most likely to be influenced by the news. Understanding the market context is crucial; it guides your decisions effectively. 3️⃣ Strategic Planning: Analyze forecasts diligently. If, for instance, the forecast for non-farm employment is -11K and the actual release varies significantly (e.g., +50K or -70K), it creates an opportunity. Buy USD on positive surprises or Sell USD on negative outcomes. If the news aligns with the forecast, exercise patience and observe the market. 4️⃣ Timing Your Entry: Once the news hits and the price moves favorably, patience is your ally. Wait for the retracement. Utilize Fibonacci levels on 1-2 minute candles post-news to identify entry points at 66% or 50% retracement levels. Timing your entry ensures you capitalize on market movements effectively. Remember: This strategy thrives on unexpected outcomes that tilt the odds in your favor. By entering during retracements, you optimize your chances of profitable trades. 🚨 Disclaimer: These insights are not investment recommendations but serve as informational tools. Trading in financial markets involves risks and can lead to loss of funds. Exercise caution and stay informed. #NordFX #TradingStrategies