EUR/CAD – Pure technical play, expecting more downside movement.
Entry: Will wait for a move below 1.5050 to get short.
Stop Loss: Risking about 1% with about a 50 pip stop loss
Take Profit: 1.4750
Invalid: If the pair continues to move up back above 1.5150 area then I will sit on the sideline and look for a break of the 1.52 downward trend line .
Entry: Will wait for a move below 1.5050 to get short.
Stop Loss: Risking about 1% with about a 50 pip stop loss
Take Profit: 1.4750
Invalid: If the pair continues to move up back above 1.5150 area then I will sit on the sideline and look for a break of the 1.52 downward trend line .