*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
We can Buy counter-trend. Our entry: 0.8895 and 0.8909
Stop 0.8879. Target: 0.8950 and 0.9
Expect massive move on BoC interest rate decision (CAD) today
***NOTE: All of my plans, you have to be patient to wait for the price close to the EXPECTED ZONE.
Then you should WAIT FOR REVERSAL CANDLES or PATTERNS on the low timeframe before...
Price makes a lower lows and breaks descending trendline and drops quickly because of bad news CPI (QoQ) (Q1) announced as 0.0%
Now price makes a double bottom and rejects
We can go long on NC and aim for descending main trendline