Very nice trade call in our group. Bat pattern is also completing and ready to buy.
Potentially it could go all the way to 0.886 before turning so a larger stop was being used.
Trade with care and goodluck.
Today we have CAD Interest Rate Decision, We might put in an EO for a sell if it fits our rules.
“The policy statement should read similar to October as the outlook for growth and inflation remains consistent to that outlined in the October MPR while uncertainty remains unresolved. We look for an overall tone of cautious optimism.”
“The Bank may make dovish...
Hi Traders, hope you have a good weekend. This is how we view the current structure developing
and potentially it could develop into a much complex correction. No matter how, Look for selling
opportunity instead, it will give you a higher probability trade and better risk to reward.
Thank you. Enjoy your weekend.