Day: May 13, 2012

EUR/CAD @ D1 — Long-Term Descending Triangle

The euro is giving the Forex traders another nice pattern — this time on EUR/CAD pair, specifically on its daily chart. This is a long-term descending triangle that started forming back in January 2012. Although its upper border is quite rough, there are enough touch-points at both of the triangle’s sides. See the image below for the screenshot of this EUR/CAD triangle. The yellow lines show the pattern’s borders. The cyan line […]