Chen Hui looked at the USD/CAD being supported and nodded slightly. At this moment, he already holds a long position of 2.8 million lots.

Immediately he began to reduce his lot size and slowly bought more USD/CAD at a low level!

He doesn't want to buy too much at once, which makes USD/CAD too high and inconvenient for foodies. Therefore, the 100,000 lots of USD/CAD just now is only used to support USD/CAD. His real goal is to open more long positions on USD/CAD at the low levels.

Time passed quickly, and Chen Hui slowly increased his long position by 200,000 lots, and at this moment he held a total of 3 million long positions.

At half past eleven o'clock, this is when the US economic data came out again, and the US Philadelphia Fed manufacturing index for January

Previous value 6.2

Expected value 8.7

Published value 9.4

The sub-indicators include the new orders index, the shipping index, and the employment index. In terms of inflation, the price payment index, the price acquisition index. As a leading indicator of the health of the economy, business reacts quickly to changes in market conditions, and changes in manufacturing confidence are early signals of future economic activity such as spending, employment and investment.

This data was very positive for the dollar, and immediately the USD/CAD rose rapidly, like red magma gushing out from the ground, it seemed to have been suppressed for a long time, and finally broke through the resistance and erupted.

Immediately, USD/CAD started to rise from the original level of 1.0845.

At this moment, Brookfield Asset Management, foreign exchange trading department, Danny looked at the trend of USD/CAD with a heavy face, just now the US economic data came out, causing USD/CAD to rebound, he asked traders to stop suppressing USD/CAD, and wait until USD/CAD rose to a high level and suppressed again!

Soon USD/CAD rose to the level of 1.0880 and rushed up 35 points in 15 minutes!

At this time, Danny said loudly: "Here's the opportunity, go short!

One trader tentatively asked, "Danny, now that it's suddenly up so many points, should we wait a little longer?"

USD/CAD, at this time, is completely frenzied, and at the moment he feels that he needs to avoid its edge, and wait for USD/CAD to release this wave of bullish energy, and then they will take action to suppress USD/CAD.

After hearing this trader's words, another trader felt very reasonable, and immediately he also expressed his opinion, saying: "Danny, it is true that the dollar/CAD is rising too fiercely now, should we delay it for a while and then go short? Anyway, we are not the only bears in the market!"

Now the USD/CAD is rising very violently, and it looks like it has eaten up all the bears!

At this time, another trader expressed a different opinion, saying: "We are waiting, other bears are also waiting and watching like us, when the USD/CAD is not suppressed, then the short-term bulls chasing the rise will be more, and even some short-term bears are forced to stop losses and close positions, as soon as they close their positions, they will turn into longs in an instant, and the form will be more unfavorable to us!"

After hearing the trader's words, everyone looked decadent.

At this time, looking at everyone's somewhat frustrated looks, Danny calmly analyzed and said: "At more than 9 o'clock before, the US economic data was very poor, and we suppressed the USD/CAD to 1.0840, but it was hard supported, and the bulls took advantage of the US economic data to fight back against the dollar, and we have to stabilize!"

They had suppressed it for a long time before, but now they didn't expect it to fall short, and Danny naturally knew that the team members were a little frustrated.

"Desperately seal the area above 1.0880, so that you can create a top, so that those short-term bulls will retreat!" Danny looked at the crowd and looked slightly relaxed, and immediately spoke again: "Many short-term bulls see the US economic data getting better, so they want to quickly buy the bottom, and then after making a profit, they will quickly close their positions and leave!! Everyone don't worry! USD/CAD it can't turn the sky!"

Danny's words hit the hearts of the team members like a booster.

"Okay, Danny!!"

"Danny, you're right!"

"I believe what Danny said!"

Looking at his young team, Danny nodded and said, "Often this kind of moment, we need to keep it

Calm, patient, the sky is not falling!"

······

At this moment, Adam showed a faint smile on his face and said: "Guys, this time we can finally be easy again! We can stop adding to our long positions, and when USD/CAD falls back again, we will continue to buy! Now let those short-term bulls hit those dead bears! Consume their strength!"

At this moment, USD/JPY has rushed to the 1.0880 level, and in 15 minutes it is 35 points, completely recovering the previous losses!

At this time, a trader said: "Adam, now USD/CAD has risen to a high of 1.0880 again, and now there are still a lot of bears at 1.0880", he pointed to the market of USD/CAD and said: "You see, at this moment, USD/CAD rushed above the 1.0880 position, and immediately a lot of bears came out to suppress USD/CAD. Did we close some of our positions, now we have made a lot of money!"

Hearing the trader's words, everyone seemed to be a little moved, and immediately another person spoke: "Adam, we may be able to retreat temporarily and end this operation, we have already made more than a billion dollars anyway!"

At this time, another trader said: "Adam, after we take profits first, we can still enter the market and operate a few waves of short-term trading!"

Obviously, he was also moved by the words of the trader just now, they have been tossing here for a month, and now they have achieved very good results, and it is time to end the game.

But another trader came up with a different opinion, saying: "If we close the position, it will be equivalent to missing the big market, USD/CAD has just broken through the highest level of last month, and this is a key resistance level, which has been breached! Why don't we continue to wait?

At this time, Adam was silent for a while, did not speak, just quietly watched the trend of USD/CAD at this moment. Taking a deep breath, he looked at everyone with a firm look in his eyes and said: "Money is earned back by "sitting", not by operation, only by using objective methods to judge the trend reversal and then close the position!"