XavierAlexander
Short

USDCAD SHORT AGAINST THE ODDS $

FX:USDCAD   U.S. Dollar / Canadian Dollar
Detailed support and resistance x Fibonacci analysis

First target - 125.400 trailing stop from then on. Heavy volume expected today due to high impact news release, really make or break with this trade - Many fundamental analysis expecting a breach of 130.000 though I believe a powerful pullback is imminent regardless of BoC             outcome.

Longs and shorts will both be hurt today so make sure you have a smart entry in accordance to your opinion and a smart stop to save you from an misfortune.

Good luck trading!
For illustrated purposes I have added a S/L however I will not be using one myself, Margin call or win - News has a tendency to spike in both directions and can lead to an expensive exit out of a good trade! I only recommend doing so based on your own judgement and with a lot size you can afford to risk :)
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