Jcolliss

EUR/CAD - Short opportunity

Short
OANDA:EURCAD   Euro / Canadian Dollar
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Seems to be a clear down trend in the EUR/CAD.
Rejection @ 1.53140 to continue in the down trend channel.

I will be entering 2 trades when/if the chart confirms my entry.

Trade 1: I need to wait until it breaks the 1.51300 support then i'll enter 1 short @ 1.51150 TP 1.49762 SL 1.51625 = R/R 3.3%

Trade 2: Long term - possibly keep it open a couple of weeks, see how it goes.. Entry as above TP 1.46500 SL 1.51950 = R/R 5%