Hey all!
We have some more updates regarding the challenge! Our precaution on this trade triggered the stop-loss in profits, leaving a small gain, but a gain nonetheless. I consider this a good trade managed with proper risk mitigation techniques since the risk of having a full stop loss ahead of the news event we had coming our way didn't justify the potential profits of the news working our way.
Also, we had this trade running for several days without any significant progress toward the direction we were expecting the market to head. Considering there are other pairs such as
CHFJPY
that show a potential short opportunity, I'd say by correlation, this trade had some signals around it to not go our way.
Anyways! Looking forward to the next setup to share it with everyone!
Until the next trade!
We have some more updates regarding the challenge! Our precaution on this trade triggered the stop-loss in profits, leaving a small gain, but a gain nonetheless. I consider this a good trade managed with proper risk mitigation techniques since the risk of having a full stop loss ahead of the news event we had coming our way didn't justify the potential profits of the news working our way.
Also, we had this trade running for several days without any significant progress toward the direction we were expecting the market to head. Considering there are other pairs such as
CHFJPY
that show a potential short opportunity, I'd say by correlation, this trade had some signals around it to not go our way. Anyways! Looking forward to the next setup to share it with everyone!
Until the next trade!
