Some late swing with CAD pairs after New York session. It started quite slow but now picked up pace. At the moment of writing this, oil price hitting 43.18$ and continue to go up. Which is perhaps behind massive CAD moves.
I was mentally prepared to close the shop with break even but then this happened.
Good moves , cadjpy
I actually read the pair as in range. however, since nothing was moving early NY session so i thought i want to take a chance. so i took a market order from a good area with 12 pips stop loss as you can see from above picture (Here i changed my stop loss to secure my loss). I ended up taking my profits at 86.80 which is +70 pips from my entry. Pretty happy with this.
Meantime, i also took eurusd range break out with +20 pips but also lost some pips with gbpjpy and audusd total of -17 pips.
This is the way i trade, lose some gain some. My gains are always more than 3:1 hence i could offset my losses.
Although i don’t pay attention to fundamental much but little change in news helps me to identify which pairs i should keep an eye on.
Thanks for reading.
cheers,