federal funds rate decision

Bollinger Band Breakout On USDCHF After Federal Funds Rate Decision

  • Posted on: 21 June 2015
  • By: strategist
Bollinger Band Breakout On USDCHF After Federal Funds Rate Decision

This trade was executed on 17 June 2015. The Feds did not raise the interest rate yet another time, which disappointed investors and led to a USD drop. The lower Bollinger Band on USDCHF on the one-hour chart was broken and there was no HTF (higher time frame) support. The risk/reward was favorable so I placed a pending short order right below the candlestick that broke the lower BB. T/P was placed at the S1 pivot point. The order was later executed and went to target in a few hours. Around 50 pips profit.