TradingView
Financial_Freedom
Jul 11, 2018 4:10 PM

CADJPY topped on good news? Short

Canadian Dollar/Japanese YenFXCM

Description

After CAD interest rate hike by 25 basis points BOC (Bank of Canada) governor Poloz press conference and no follow through, it seems a good opportunity to sell CADJPY.
But we must never forget that we are also going against the fundamentals so I will risk like the previous trade half the size of my usual risk with a tight stop. I really don't know why I like to trade against CAD after a rate hike, I guess something fishy might be going on with this hike :D
I sell now and also have put another sell limit pending order higher shown in the chart.
Let's see what the future holds for us.

Comment

Sell limit#2 is activated.

Trade closed: stop reached

Sell#1: -31 pips
Sell#2: -18 pips
More