Fed Chair Yellen Spoke Last day 26 August -2016. The speech was significant for interest rate issue, CNN MONEY wrote: “Janet Yellen is getting closer to raising interest rates.”
Usually, we trade on such events with pending order by analyzing every aspect that success rate is also very high. We had a running order on USDCAD. The Trading Alert was –
Buy USDCAD from 1.2903 SL 1.2810 TP 1.2975, 1.3015, 1.3045
During this events, we found a nice move of USD and made +72 PIPs profit get 1st TP and the trade is still running with +100 PIPs profit below the screenshot –
Though this month was not so favorable we assume we are going to cover up by this time. We have another long term signals running with EURUSD
Sell EURUSD from 1.1270-68 SL 1.1390 TP 1.1170, 1.1110, 1.1080
Trade on the chart as follows –
Those trading screens can help you a better understanding.