Admin

GBP/CAD – Long Trade

Posted on 07/27/202207/27/2022 by Admin in Forex Trades

Along with many financial assets this pair moved higher after the FED decision. There is a breakeven stop loss in place. Also, an aggressive Take Profit order we can adjust if the strength persists and we aren’t stopped out.

USD/CHF – Long Trade +20 PIPS

Posted on 07/07/2022 by Admin in Forex Trades

Same pair as previous trade – U.S. Dollar / Swiss Franc

It looked like price could continue to grind higher. Entered a long trade and a 20 PIP Take Profit order.

Ended up getting filled, taking about a day.

We do need to note how far price moved against the position before it was closed. That was about 37 PIPS. This means that if a stop loss was placed just under the low of the doji, a loss would have occurred.