EURCAD continuation short IDEA

After price got under the important 1.50847 area it seems likely that price will slowly continue lower because this area was a crucial area to hold in order to continue an uptrend from the daily point of view. I will be looking to short as a continuation play with very low risk and tight stop loss. I'm planning on closing a lot of my position at the risk reward scenario (50-60%) and letting the rest play out because of the potential to go lower.