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glennmercer

EURCAD Long Here: CAD Downside, EUR Volatility

Long
Euro / Canadian Dollar (FX:EURCAD)  
glennmercer Updated   
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Beyond Technical Analysis glennmercer gmercerfx
6
0
trendanalysis beyondta glennmercer gmercerfx
I am taking a long here in anticipation of potential CAD downside after the BOC rate statement today at 1400 GMT. The upside is riskier than the downside IMO. A move up will allow me to set SL to BE before EUR volatility on Thursday when the ECB releases meeting minutes. I am also looking at GBPCAD long as bullish momentum is strong in the pound. Cheers
Trade active
Comment:
Perfect price action. Price now basing indicating further bullish momentum likely. I will lock in profits before ECB minutes are released. Cheers
Comment:
SL Moved to BE
Trade closed manually:
Breakeven

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