USDCAD - LONG - Head and Shoulder Pattern

Price formed this nice H&S Pattern, suggesting price is going up.

Target 1 : 1.322
Target 2 : 1.3364
SL : last low
or below Right Shoulder.

** Tomorrow will be the BoC Rate decision, wich is expected to go up 25bps to 1.75%.
This rate hike is already priced in in current price, therefore don't expect huge moves because of it.
Volatility will come from BoC stance for the future.

Kommentar:

Better Entry possibility if you are not in yet.

Kommentar:

First entry closed at 1.315 with +57pips.
Second entry, took 1/3 profits and SL moved to break-even.

Trade wurde manuell geschlossen:

Looks like a leading diagonal with correction now in place but not sure about, so leave this one be until clearer patterns appear.

Therefore, Closing second position also, with +114pips.