Friday, August 31, 2012

CAD / CHF Update: Friday 31st August 2012 10:02hrs

CAD / CHF

Price has made a move down and the position is in profit by 1%.

I have moved the stop loss to break even and eliminated the risk on the trade.

News is out at 13:30 hrs GMT as previously mentioned

Bernanke is speaking at 15:00 hrs GMT with Lagarde also at Jackson Hole I am hoping for some volume in a very quiet market.

If the market moves in my favour my target is 0.9545 for a 5% profit.

Chart below:



Regards

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