ChaosTrader63
Short

EUR vs CAD Trade Update

FX:EURCAD   Euro / Canadian Dollar
322 0 0
Following the trade that I showed and entered on the EUR vs CAD you can see that the first profit target has been hit and I rode the move down past that point for a 150 pip profit. I exited the trade after the pair moved upward on the Canadian Housing report news this morning. My bias is still to the down side and looking at a daily chart you will also see price below the Kumo cloud which is a bearish sentiment. I am expecting maybe a pullback near the Kumo or 100 SMA if not at least some consolidation. I'll be looking to re-enter a short trade if price advances back up to the Kumo or 100 MA or if price breaks the first support level target @ 1.31318 Happy trading and God bless!
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