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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