#News pushing the #Dollar ? #forex
After Bank of Canada published their news about the interest rate decision ( from 1,25 to 1,5 ) US dollar falls over 70 pips in not even a few minutes. Thinking the bulls are dead was definitely wrong. They fought back and let the 4 hour candle close in green.
We watched this pair for a few days to see wheteher the weekly resistance is holding or breaking (blue linie). After first touch , price pushed back and daily closed in a bearish spinning top. With a big bullish candle on the 4hour , confirmation was given and we entered with a small lot size. ( taking an eye on the BOC news today ) . After BOC published , price came back but pushed back and closed well. Now we enter with more lot size to encrease our volume in this pair. Targeting the weekly high for a potential first target. Stop behind the daily lows.
Currently floating in profits. Hope you enjoy and taking profits from it.
TEAM CRYPTO
We watched this pair for a few days to see wheteher the weekly resistance is holding or breaking (blue linie). After first touch , price pushed back and daily closed in a bearish spinning top. With a big bullish candle on the 4hour , confirmation was given and we entered with a small lot size. ( taking an eye on the BOC news today ) . After BOC published , price came back but pushed back and closed well. Now we enter with more lot size to encrease our volume in this pair. Targeting the weekly high for a potential first target. Stop behind the daily lows.
Currently floating in profits. Hope you enjoy and taking profits from it.
TEAM CRYPTO
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