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:
Here are the details of my order:
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.
Tags: GBPCHF analysis