Price formed this nice H&S Pattern, suggesting price is going up.
Target 1 : 1.322
Target 2 : 1.3364
SL : last low
or below Right Shoulder.
** Tomorrow will be the BoC Rate decision, wich is expected to go up 25bps to 1.75%.
This rate hike is already priced in in current price, therefore don't expect huge moves because of it.
Volatility will come from BoC stance for the future.
Target 1 : 1.322
Target 2 : 1.3364
SL : last low
or below Right Shoulder.
** Tomorrow will be the BoC Rate decision, wich is expected to go up 25bps to 1.75%.
This rate hike is already priced in in current price, therefore don't expect huge moves because of it.
Volatility will come from BoC stance for the future.
Comment:
Better Entry possibility if you are not in yet.
Comment:
First entry closed at 1.315 with +57pips.
Second entry, took 1/3 profits and SL moved to break-even.
Second entry, took 1/3 profits and SL moved to break-even.
Trade closed manually:
Looks like a leading diagonal with correction now in place but not sure about, so leave this one be until clearer patterns appear.
Therefore, Closing second position also, with +114pips.
Therefore, Closing second position also, with +114pips.
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Don't forget my public Telegram channel -
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Thanks !