EUR/CAD – Short Setup

FX:EURCAD   Euro / Canadian Dollar
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 .
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