The EUR seems to be losing a bit of steam against the CAD and has given us a short order at 1.4847. Our first profit area will be at 1.4787 where we may take some profit. We have a trailing stop in place at 120 points but that is only in place for if there is a unexpected market event. We will have updated stop orders as the trade progress. After profit 1 we will stay in the trade for as long as the trend is bearish to maximize our profit.
Comment:
A new high was made, lets cancel the short order