FX:USDCAD   U.S. Dollar / Canadian Dollar
Riding the bearish price action being played out in the weekly and daily chart , coupled with the news about Syria attack that pushed down the dollar further, while the loonie is being boosted by the likelihood of having a successful outcome in NAFTA negotiations and rising oil price. Setting up short stop order to catch a possible breakout @1.25523 in the hourly chart with TP near 1.242 (support in weekly chart) and SL a couple of pips below 1.26.




Confidence: C (must be careful about possible whipsaws from increased volatility esp this coming Wed during the BoC meeting and the unpredictability of geopolitical risks esp when it comes to USD; depending on how volatile it goes based on the chart and ATR, might momentarily close the position before the BoC meeting)
Order cancelled: Trade cancelled before BoC news yesterday. Will re-enter with another sell stop soon esp with oil prices rising:


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