Long

CADCHF Long

Updated

Continuing to ride the bullish trend mainly driven by the new NAFTA agreement last Wednesday, but still need to be careful about risk of getting whipsawed especially CAD Ivey PMI news tomorrow at 2pm, and CHF CPI news on Friday. Closely monitoring possible breakout of this pair at 0.77144, and will either setup a buy stop @0.77297, or wait for bounce (safer option) and setup a buy limit at 0.77144 instead, with initial TP at 68.2 fib level and SL few pips below 0 fib level.

marketpulse.com/20181002/usd-cad-new-trade-deal-boosts-canadian-dollar/

Daily:

Weekly:

Confidence: B (because of risks from upcoming news mentioned above)

Note

Manually closed this trade because it didn't hit my actual buy stop.

aiza_belle

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