Intraday/Daytrade for USDCAD - a Potential Selloff

Short

Dollar Américain / Dollar Canadien (FX:USDCAD)

FX:USDCAD Dollar Américain / Dollar Canadien

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I was in a long position on this which i was stopped out on friday. I usually ignore the friday closing hrs due to lack of volume but price seemed to fall during the last few hrs and i ended up taking a short play.

This is a classic retracement play coming off a period of consolidation (which i originally thought it was going to break higher) but I reversed my position and now i am short.

Expected Target 1.2550

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