Long

EURCAD Long Here: CAD Downside, EUR Volatility

Updated

I am taking a long here in anticipation of potential CAD downside after the BOC rate statement today at 1400 GMT. The upside is riskier than the downside IMO. A move up will allow me to set SL to BE before EUR volatility on Thursday when the ECB releases meeting minutes. I am also looking at GBPCAD long as bullish momentum is strong in the pound. Cheers

Trade active

Note

Perfect price action. Price now basing indicating further bullish momentum likely. I will lock in profits before ECB minutes are released. Cheers

Note

SL Moved to BE

Trade closed manually

Breakeven

glennmercer

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