Trade idea for EUR/CAD. Short and long.
Expecting a rise in volatility with the upcoming rates announcements with BOC and ECB. Will consider long position should price break and re-test current resistance. Will consider short position should price break and re-test current support. Expecting moves to previous supports respectively. Will not enter a position if the price continues to stay within the current support/resistance zone until after the announcements.
R/R both directions ~2.5
Risk - 1%
Buy the rumor, sell the news.
Stay safe and stick to your plan.
Best of luck!!
R/R both directions ~2.5
Risk - 1%
Buy the rumor, sell the news.
Stay safe and stick to your plan.
Best of luck!!
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