Wednesday, 18 September 2013

Profit from FOMC statement

I was able to position buy entries at the top of the current prices of AUD/USD, NZD/USD and  below the previous low of USD/CAD before the FOMC statement released. The reason why I decided to go against US$ is because of the price movement at USDOLLAR chart looks like struggling to go up.


The total pips reached almost 150 pips before the pull back but I decided to close all my positions when it hit the 100 pips. If I just hold my position a bit longer, it should have been around more or less 200 pips total.

If I was a bit early, there should also be a long entry at EUR/USD and GBP/USD.

As of this writing, the USDOLLAR chart is still showing some more downward movement but I decided to call it a day.


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