BKSWING – Place Order to Sell EUR/CAD at 1.4185, Stop at 1.4245. Close half at 1.4155, move stop to breakeven, Close rest at 1.4025

Swing

CAD has become deeply oversold because of the decline in oil prices but based on the uptick in job growth, increase in core prices and weakness of the exchange rate, Wednesday’s Bank of Canada monetary policy statement could be less dovish, leading to a much needed rally in the Canadian dollar. Canada is widely expected to raise rates after the Fed and before the BoE which makes the CAD a bargain particularly against the euro. Additionally, retail sales should surprise to the upside as the uptick in wholesale sales and rebound in job growth point to stronger consumer spending. To take advantage of the potential opportunity, we are placing the following pending order:

1. Place Order to Sell EUR/CAD at 1.4185

Stop at 1.4245

Close half at 1.4155, move stop to break-even

Close rest at 1.4025

We still have the following pending orders:

2. Place order to Sell AUD/USD at 0.8616
Stop at 0.8676
Close 1/2 at 0.8586, move stop to breakeven
Close rest at 0.8450

3. Place order to Buy EUR/CHF at 1.2055
Stop at 1.1995
Close 1/2 at 1.2085, move stop to breakeven
Close rest at 1.2200

***Remember, if 2 orders trigger without one hitting T1 first, all other orders are canceled

BK SWING we are out of EUR/USD at 1.3205 +90 on trade.

Swing

BKSWING Sell EUR/USD at TRIGGERED 1.3265 Stop at 1.3325 Close 1/2 at 1.3235 move stop to breakeven Close rest at 1.3125. CANCEL ALL OTHER ORDERS

BKSWING – EUR/USD T1 hit for +30, Move stop to Breakeven

BKSWING – Move stop on EUR/USD to 1.3235 to lock +60

BKSWING – Move stop on EUR/USD to 1.3205 to lock +90


BK SWING we are out of EUR/USD at 1.3205 +90 on trade.