AUDCAD OUTLOOK FOR CAD CPI NEWS
On the verge of CAD CPI news release, AUDCAD islooking bearish while the fundamentals show a bearish CAD hence i see a spike take out previous day low and tap into the daily order block before a sharp move to the upside taking previous day highs and perhaps moving towards the highs above it.
Thats over 50 pips of price movement
comment below whatyou think of this idea as we wait to see what happens
Thats over 50 pips of price movement
comment below whatyou think of this idea as we wait to see what happens
Note
The trade idea didnt materialize. So i didnt take any trades in this market.
Lesson: dont trade during news
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