Took a news trade, on the 1min. approx 4:41am(0430news)
Bah I should have gave it more room.
Oil inventories came in at a surplus, which fundamentally will be weak for the CAD, the jpy was the strongest pair at the time. So chose the CAD/JPY before the news.
On the news hedge funds began pumping money into the CAD/JPY, oil, etc...or were covering. CAD/JPY spiked, then i waited for the reverse fib with stocs confirmation and once I saw red pulled the trigger.
Here's a shot, this isn't the exact charts i took the trade on, I have to get the template set up on this cpu.
Note- silly me i held this one too tight and it made 120pips as of now with only a few pips negative(the chart SHOWS a be, but the mb platform went negative a few pips. I actually wanted to go back to sleep, i thought s2 was a good target or be. Looks like this would have been a good spot/swing. It was at the right time for a spot as well.
short 3 @ 79.39
cover 1 @ 79.27 +12
cover 1 @ 79.25 +14
cover 1 @ 78.92 (s2) +47
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