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No rush please
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USDCAD rate decision should be a mover for this pair. We are currently bearish and the expected news is to maintain the rate as is which should have a negative effect on the pair. So things are inline.
So, once the news is out, we want to be very careful not to enter early. Expect a retrace to the sell zone and don't rush to sell once it happens. if we miss selling at the sell zone, we can sell at the breakout from the bottom.
As always, please be careful as the volatility is very dangerous and if you get enough pips, don't marry the position, take some money and wait for things to settle before you re-eneter
Good luck
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News in about 40 minutes
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Those who entered Please be careful and don't be too greedy
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If you are still married to this position, have your disaster stop just above KS
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I know that some of you are thinking of going long THAT WOULD BE COUNTER TREND DO NOT DO IT PLEASE
If it goes up, we'll catch it properly later
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If you re-entered or never left, stops just above KS please
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I've just updated this trade with a new chart If you are still in this trade please update your stops according to the new chart This chart is no longer active
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For those still in the trade we just hit the target please tighten stops and enjoy the pips
Trade closed: target reached
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Comments
TradeHuntFx
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Just goes to show what patience does!
Ichimoku_Trader
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It makes pips ;)
congrats
thecrackking
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Good Time to go long?
Ichimoku_Trader
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I was thinking that but now I'm thinking not
it looks impulsive
IIvan
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congratulations
Ichimoku_Trader
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to u too
Larry003
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Nice trade! I am not in it didnt get a decent entry. Should come down to 1.296's..... Remember it a holiday weekend this weekend in the UK and the US, it can do funny things to the markets. Good luck with this one.
Ichimoku_Trader
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Thanks for the heads up
appreciate it
fxfabianng22
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Reentered as it retested the barrier on 15m time frame.. short!!!
Ichimoku_Trader
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as you like
it's your call
I took my money and am now watching