Thursday, August 30, 2012

CAD / CHF Update: Thursday 30th August 2012 18:55hrs

CAD / CHF

Both orders have been triggered and I am short with 1% risk.

Price action is slow and it is looking as though I will have to hold this over night.

There is data out in the Asian session, however it is for JPY and all low impact.

The stochastic is at an overbought level and rolling over.

I will keep an eye on this until around 10pm and if possible move the stop down.

I will update again tomorrow morning.

Chart below:

 


Have a good evening

Regards

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