FX:USDCAD U.S. Dollar/Canadian Dollar
Less is more ... We have 2 potential bats setting up here on the hourly chart. We'll check if one will complete and which one it will be ... but we are prepared for both directions :)
As I am not really trading channels, or fundamentals, I just watch price action and base my trades upon them. When I say I do not trade fundamentals I mean that I do not try to anticipate them, apart from the fact that I will not enter a trade close to an important news release. BoC is known to surprise us, but given the slightly positive economic numbers we heard last weak, I do not expect a further rate cut. (But I might me completely wrong about that)
Thank you for your anwser ! It's true the governor didn't say a word about it and almost hinted that they wouldn't do another cut right now. That being said it seems like they want to keep it blurry right now, just like the Feds about the interest Hike. Can't wait to see what's going to happen.