Considering that the loonie had two consecutive down-days and the 1400GMT candle closed with a long lower shadow, I expected the pair to retrace to the 50Hr EMA for the short term.
I took a long position hoping the FOMC minute release at 1800GMT would make that happen but the market said no to that. Hence, I'm changing the TP to break-even.
I took a long position hoping the FOMC minute release at 1800GMT would make that happen but the market said no to that. Hence, I'm changing the TP to break-even.