USDCAD is Forming BEARISH BAT | Ahead OF BOC -CPI Release!!
Hey Everyone,
Today, all Eyes are on Bank of Canada Consumer Price Index Core E.T 2.22M
and at the moment Initial expectation is Hawkish for CAD (future updates will be posted)
currently as per our Technical side USDCAD is Forming a Bearish BAT on 240M Chart
price is not that Overbought but according to H1 Chart it is slightly Overbought
and hence this trade complies with 60/40 Percent chance to reach our Targets
before crossing the stop level,
(Invest low to moderate amount)
For now let's SELL USDCAD with these preferences,
SELL LIMIT - 1.32630
STOP LOSS - 1.33568
TARGET1 - 1.31078
TARGET2 - 1.29481
(You can SELL at CMP only 9 PIPS Difference)
and remember to stay active during the news release as we might
update or adjust our stops or targets accordingly
GOODLUCK with this particular one,
More updates will be posted under this thread,
have any doubts? then, let us know in the comment section below
and make sure to give this analysis a Thumbs UP +_+
Today, all Eyes are on Bank of Canada Consumer Price Index Core E.T 2.22M
and at the moment Initial expectation is Hawkish for CAD (future updates will be posted)
currently as per our Technical side USDCAD is Forming a Bearish BAT on 240M Chart
price is not that Overbought but according to H1 Chart it is slightly Overbought
and hence this trade complies with 60/40 Percent chance to reach our Targets
before crossing the stop level,
(Invest low to moderate amount)
For now let's SELL USDCAD with these preferences,
SELL LIMIT - 1.32630
STOP LOSS - 1.33568
TARGET1 - 1.31078
TARGET2 - 1.29481
(You can SELL at CMP only 9 PIPS Difference)
and remember to stay active during the news release as we might
update or adjust our stops or targets accordingly
GOODLUCK with this particular one,
More updates will be posted under this thread,
have any doubts? then, let us know in the comment section below
and make sure to give this analysis a Thumbs UP +_+
Trade active:
BOC - Consumer Price Index data released released below our expectations
but overall Key Consumer Data was in our Favor (HAWKISH CAD)
UPDATE USDCAD - Close TP1 with (+80 PIPS) of Profit!
(MOVE SL TO BREAKEVEN FOR TARGET2)
but overall Key Consumer Data was in our Favor (HAWKISH CAD)
UPDATE USDCAD - Close TP1 with (+80 PIPS) of Profit!
(MOVE SL TO BREAKEVEN FOR TARGET2)
Trade active:
Correction is down,
Now going back to our second Target!
Now going back to our second Target!
Trade active:
Trade closed: target reached:
UPDATE USDCAD - Close Now with (+200 PIPS) of Profit!
