Advance Trade ;This particular trade it is not for everyone ,if you are new I will not trade this trade, if you are new just wait and see what happen, or do a practice in demo account. Reason to go Long - Base on a possible good news and a very low price the CAD will go long in the average time this happen it is around 100 pips up them the news them back down again very low. Plan Step 0 ; Entry point I just waiting to break the 1h the previous level on MACD at 3.9 Step 1 ;The Plan for this trade it is to go Long until Wednesday BOC Rate Statement at 03:00 pm, Step 2 ; them get out Step 3 Wait for the news see the movement Step 4 a continuation to Plan A target 2 or Plan B target 1 if very strong them maybe plan B target 2
But remember sometime there is bad news or good news and the market go in the opposite direction base on something that we missing on our plan , allays look before an entry If this plan do not work as plan I will do nothing an take my lost and looks what maybe happen Good luck with your trading , any question let me know
Trade active
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I have make and entry to go Long Stop Lost 0.71532 Target 1 Plan A 0.73631 or if the time coming first of the news I will closed
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Second entry same Stop lost same target
Trade closed manually
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I have closed until clear on the news , remember we have more news tomorrow Oil inventory that will be effect CAD I am on step 2