Trading Plans Pre Canada CPI Data
Before Canadian CPI comes out we can assess the current technical and fundamental standing of various counterparts. CPI data is important as it gives a larger indication of where Central Banks will sit on the next decisions they make about rates.
CAD has lost value VS other currencies for a considerable amount of time as they have taken a dovish approach in a quicker format.
This has dragged various CAD pairs to new areas of entry/exit, which we can look at now.
GPBCAD, EURCAD, USDCAD all shown.
CAD has lost value VS other currencies for a considerable amount of time as they have taken a dovish approach in a quicker format.
This has dragged various CAD pairs to new areas of entry/exit, which we can look at now.
GPBCAD, EURCAD, USDCAD all shown.
Note
Longs entries ideal post news.Note
USDCAD Re-shorts ideal.Note
CAD Pairs entering light short territory/Profit taking.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.