US New Home Sales Trade Tip
Last reported US New Home Sales were down at 494,000 and were less than forecast amount at 522,000. This coming report Wednesday, March 23, 2016, at 10:00 AM ET, the forecast is for 512,000. To trade this news, a neutral Iron Condor strategy is an idea and one that is ready for whatever the outcome may be.
The market can move up or down with an Iron Condor strategy; one can buy a Nadex EUR/USD spread below the market, but with the ceiling where the market is trading at the time and with a profit potential of $15 or more.
At the same time, they can sell a Nadex EUR/USD spread above the market, but with the floor where the market is trading at the time and with also with a profit potential of $15 or more.
The breakeven points are 30 pips up or down.
With this setup, the market can make a move and one side can profit. Leave the other side on and when the market pulls back, the other side may profit as well.
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