You know I don’t like to trade based on fundamental announcements, but sometimes they are good, they make the market move out of a range or a stalling period, etc. In this case, the fundamental announcement made the GBPCHF move out of the trading range, triggering a bearish market condition:

If you take a look at the 15M chart, you’ll see that we got a price action signal to go short.

Here are the details of my order:

Entry: 1.4926
SL: 1.4976
TP: 1.4450

This is a 9.5:1 risk-reward ratio trade… not bad ha! We need to take in consideration though that it might take a while before the market hits theTP order (if it moves in my favor). We’ll see what happens.

Trade Safe!

Raul Lopez
Forex Training