FOMC明け
How were last night's FOMC and the markets before it?
As I expected, or rather, it unfolded in a similar way to my expectations.
The only trade I took was USD/CAD.
The aim was to sell on a pullback.
Here is the 4-hour chart.
The profit is here.
Basically a pullback sale strategy.
E1 entry was at a point that required a bit of courage, but I boldly placed the sell order.
If I place the stop a little higher, it’s a trade that’s okay even if I lose a bit.
E2 was an excellent selling point.
I placed the pullback sale considering the moving average lines and that day's Canadian event.
It then dropped sharply, but since I had a buy limit above the recent low and near the neck line, it was closed at a profit.
And afterward, it continued to fall hard due to the FOMC.
There were other currencies where pullback selling could be done, but I sat on the sidelines.
As I also tweeted, in such times pullbacks can be strong, or there can be buying near the pre-trend reversal stage.
So I passed on them.
Only USD/CAD had a good market, so I placed a sell order and it was profitably realized.
Currently, I have a long position in USD/CAD.
I’ll place the stop just below, and the limit around a little below the 50% Fibonacci level you can see in the image.
I might exit the position at market.
(Note)
This is only my personal view.
Trade and invest at your own risk.
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