So BOC, despite of the positive economic data past few months, remained "cautious" about them stepping off the gas even further (aka raising interest rates). It took me several seconds to speed read the statement, digest it, intepret it and make an actionable plan based on that information. At the time, I thought it was pretty dovish, not VERY dovish.. but dovish enough. I looked at the chart price have moved considerably high as well, but based on my research events like this tend to hit 100-120 pips. So i took a "scalping" trade and made a target at 1.2800. I made 2% from this trade.
*I apologize for the written mistakes I made in my CAD trading plans.
@laikos, Thanks bro. It felt i was chasing price which I didn't like. Trading off rates decision are always tricky. Market sometimes react on headline numbers then reverses at the statements. I was hoping the USDCAD would spike on the headline numbers (1.00% rate) then reverses when the BOC make hawkish statements (i.e making hikes in the near future).. which thats where I would find a sweet spot price to enter. Oh well.