Looks like a good time to go long.
Near daily pivot.
Near weekly pivot.
RSI 4H shows slightly overbought, which means we're in an uptrend.
Bank of Canada CPI MoM looks bearish (prev 0.7, forecast 0.2)
CPI YoY looks bullish though (prev 2.2, forecast 2.4)
We should wait for a confirmation.
Entry around 1.265
Near daily pivot.
Near weekly pivot.
RSI 4H shows slightly overbought, which means we're in an uptrend.
Bank of Canada CPI MoM looks bearish (prev 0.7, forecast 0.2)
CPI YoY looks bullish though (prev 2.2, forecast 2.4)
We should wait for a confirmation.
Entry around 1.265
Trade active:
Takeoff!
Comment:
Everything turned out to be bearish for the Loonie. Revise PT, we are going up.
Trade closed manually:
Locking profits. Look forward to trading in the 1.67 - 1.8 range next week