Expecting a rise in volatility with the upcoming rates announcements with BOC and ECB. Will consider long position should price break and re-test current resistance. Will consider short position should price break and re-test current support. Expecting moves to previous supports respectively. Will not enter a position if the price continues to stay within the current support/resistance zone until after the announcements.
R/R both directions ~2.5 Risk - 1% Buy the rumor, sell the news.