BOC rate decision today, hike expected, has it been priced in..
A fairly busy week ahead for this pair !!!! Article posted July 3rd........ A must read as so far this has played out beautifully .
Right a hike is expected today , but has it already been priced in ?? well you will have to keep watching to see.
We are probability risk takers, we made some pips on the way down as mentioned in our previous post, we got back in as stated @ 98.00 just where the 0.5 fib line is, but we are going to cash out for now until post BOC results. We will be re entering so we have a clearer idea on the heading as mentioned above, as we could have a " buy the rumour sell the fact" situation, then we will be able to re enter at a good price long again.
Okay stay tuned .........
Right a hike is expected today , but has it already been priced in ?? well you will have to keep watching to see.
We are probability risk takers, we made some pips on the way down as mentioned in our previous post, we got back in as stated @ 98.00 just where the 0.5 fib line is, but we are going to cash out for now until post BOC results. We will be re entering so we have a clearer idea on the heading as mentioned above, as we could have a " buy the rumour sell the fact" situation, then we will be able to re enter at a good price long again.
Okay stay tuned .........
Trade active
Re entered @ 0.98 Stop @ 0.9750 just below the fib line
Tp1 @ next fib line 0.9910
happy trading people ..........
Trade active
Okay so we have taken half our position off @ 0.9910 and we have also put a stop in place @ 0.9970 to lock in some more profit , while this rides higher, its been a lovely trade so far .......
hope you guys got in
Trade closed: stop reached
out for a profit may re enter if cad data is good , seen as the RBA jawboned if this scenario plays out down we go stay tuned
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.