We're in our direction as I predicted very well, that Canadian Dollar will drop, right now, today after the unexpected economic data that Bank of Canada was less aggressive that only jump 50 bps and not 75 bps, this was a kill movement that central bank it's less aggressive to hike interest rate
We're in profit in CAD/CHF from yesterday that I entry in short after that I identify a clear bearish signal by price action with a lot chance that Canada currency will drop. But definitely, the result was pretty good entering for now in the good point shorting. I have 31 pips in profit. The price it's around 0.7270 CHF and my target fix to $0.7230 CHF.
Now, I made this screenshot showing that our key support it's in my fix target to $0.7230 CHF.
So guys, at the moment, we're ok in this trade. Now, we should to look the candlestick in formation that if this candlestick closed up with bearish signal, we could to make a break even to cut loss in the Stop Loss.
So guys, hold this position if you're in short in CAD/CHF. Also, I'm shorting CAD/JPY too and I look that I'm in profit too very well!!!
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As I closed up manually my short, and that was a small loss like 12 pips, around 1.16% loss. So, I made another update to post here quictly because CAD/CHF still in this range forming a bulllish channel flag in formation, what we expect another drop incoming.
Look this,
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I will move my sell order limit to $0.7308 CHF. Stop Loss to $0.7334 CHF and target profit fix to $0.7260 CHF.
Good luck!!!
We're shorting CAD/CHF and CAD/JPY. In case that CAD/CHF don't hit my sell order limit, dont worry, becuase this was an unexpected movement and I hoped that CAD/CHF continue drop, but everything pass it in Forex market to learn meanwhile process and experience. But see a point that if I clsoed up by yesterday fundamental news that driven CAD to the drop as I predicted very well. I can to get like 74 pips in this trade to get .