Counter trend trade on USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD             hitting long time resistance forming a Hanging man . I entered short with a tight stop above the resistance area . If I am wrong, then I will be wrong quickly. Potential profit target is at 6R targeting the previous upswing.
And what is your strategy right now after BOC meeting? Are you expecting down trend?
davetromp LukaszMosinski
I got stopped out, but I still expect retrace to the 21 ema
Nice 1.. What is ur sl at 1.4665 ??
davetromp FawadJawed
around 1.46697. This area has only been touched in 1998-2000! Let's see if it will still hold, else a small loss, but high potential gain. Good luck!
FawadJawed davetromp
Thanks for the reply i think the same ! Good luck with the trade :-)
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