EURCAD retesting broken H&S ahead of Canada CPI. Short

EURO / CANADIAN DOLLARICE

Description

⋅ Oct 14, 2017 7:15 AM

After breaking the inverted H&S rate hike from BOC, it is consolidating for a month and formed a rising wedge on H4. With Canada CPI ahead it looks like it is going under as CPI is expected to be higher. Wait for wedge to break for the confirmation.