USDCAD - LONG - Head and Shoulder Pattern

2018年10月23日Price formed this nice H&S Pattern, suggesting price is going up.

Target 1 : 1.322
Target 2 : 1.3364
SL : last low
or below Right Shoulder.

** Tomorrow will be the BoC Rate decision, wich is expected to go up 25bps to 1.75%.
This rate hike is already priced in in current price, therefore don't expect huge moves because of it.
Volatility will come from BoC stance for the future.

2018年10月24日

評論

Better Entry possibility if you are not in yet.

2018年10月26日

評論

First entry closed at 1.315 with +57pips.
Second entry, took 1/3 profits and SL moved to break-even.

2018年11月7日

手動結束交易

Looks like a leading diagonal with correction now in place but not sure about, so leave this one be until clearer patterns appear.

Therefore, Closing second position also, with +114pips.