Due to massive zigzags, the strategy of a small stop loss trade seems convinient.
I am not following the economic news of EUR/CAD. If this analysis is a killer, the trade can be performed with 2 units:
1º unit has a well defined target at reasonable price zone.
2º unit would serve as 'let the winner run', with a break-even position and possible target.
The trailing stop goes along the price action. If this turn to be a winner analysis, I will trail the stop in charts.
I am not following the economic news of EUR/CAD. If this analysis is a killer, the trade can be performed with 2 units:
1º unit has a well defined target at reasonable price zone.
2º unit would serve as 'let the winner run', with a break-even position and possible target.
The trailing stop goes along the price action. If this turn to be a winner analysis, I will trail the stop in charts.