As you can see, PA was already 4 pips away of D point and there are 2 more Fibonacci levels very close. BC leg is really long, almost to the max 0.886.
Important news on the CAD side at 10 am (EST), so be careful, look how PA reacts and if it goes back to the zone.
Numbers look like:
Entry: 1.69981
SL:1.7035
TP1: 1.68927 (.386AD 2.85 RR)
TP2: 1.68276 (.618AD 4.62RR)
Important news on the CAD side at 10 am (EST), so be careful, look how PA reacts and if it goes back to the zone.
Numbers look like:
Entry: 1.69981
SL:1.7035
TP1: 1.68927 (.386AD 2.85 RR)
TP2: 1.68276 (.618AD 4.62RR)
Order cancelled
Can't tell why the news affected the CAD so bad, 'cause actually the announced rate was the expected since long ago... but the PA went way over the zone invalidating the Pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.