Using the figures from yesterday`s PMI numbers, a long for AUD/USD would give a few quick pips.
This would have given around 6-7 pips if the entry was made during the start of the trading session. The key to data trading is that once a trade has turned positive, it is time to close it, even with just a few pips. The temporary momentum could reverse in a few minutes.
As seen in the M15 graph of AUD/USD above, after the temporary strengthening of the Australian Dollar, it fell by nearly 100 pips. This is an inherent danger of data trading when one doesn`t exit fast enough.
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