JFx’s long Aud/Cad trailing stop/loss was triggered at .9933. The trade is closed now, generating 100 CAD pips/90 USD pips profit. The highest the pair traded was 1.0005 or about 50 pips below our take-profit target.
JFx’s long Aud/Cad moves the stop/loss to .9933 locking in a 100 pips. Australia posted better than expected House Price Index 3.4% actual vs 3.0% expected taking the Aud higher and our long Aud/Cad higher as well. Taking this opportunity to lock in more profit
JFx’s long Aud/Cad moves the stop/loss to .9883 locking in a 50 pip profit (not accounting for slippage)
JFx model initiates long position in Aud/Cad at .9833. Stop/loss at .9775 Take/profit at 1.0050