Forex Elite Trader: Effective scalping strategy with minimal drawdown

GBPCHF

We have an uptrend with strong momentum, but the problem is we can't tell if it's driven by CAD news. The best approach is to simply stay out of the trade

 

GBP/CHF – I almost nailed it, but CAD news came in and ruined the party!

 

i just had a bad week of no losses but many missed opportunities

 

CAD/CHF is not looking strong, but there’s potential for an upward move. No trade for now. Keeping a close watch on USD/CHF

 

I am not trading cadchf for a simple reason given below

 

USD/CHF: The chart below confirms that the recent upward movement is driven by the news impact mentioned above. However, the pair lacks sustained bullish momentum.

 

USDCHF will have an uptrend. Not trading it

 

I was not trading it because I knew the uptrend would delay
end of that hour

 

This is the uptrend I was referring to

 

GBPCHF in the next hour highly likely to move up