Potential Double Cyphers
Potentially 2 shorting opportunities on AUDCAD H1 in the form of 2 bearish Cyphers.
Price is "stuck" between 2 levels of daily resistance (the red box) and support (the green box) + this pair consolidates most of the times so advanced patterns occur very often.
Orders are in place for both patterns but you want to bare in mind the BOC interest rate today at 4PM (my time). So my orders will automatically cancel 15 minutes before the news release if they haven't been filled (and will be only allowed to place them on again 15 minutes after the news release).
I don't trade based on news, but there are a few major ones I keep on eye on and stay away around those news releases. So let's wait and see !
Have a great day folks !
Price is "stuck" between 2 levels of daily resistance (the red box) and support (the green box) + this pair consolidates most of the times so advanced patterns occur very often.
Orders are in place for both patterns but you want to bare in mind the BOC interest rate today at 4PM (my time). So my orders will automatically cancel 15 minutes before the news release if they haven't been filled (and will be only allowed to place them on again 15 minutes after the news release).
I don't trade based on news, but there are a few major ones I keep on eye on and stay away around those news releases. So let's wait and see !
Have a great day folks !
כתב ויתור
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