Day: September 23, 2012

Descending Channel on EUR/CAD @ H4

It is yet another EUR currency pair presenting a trading opportunity for the upcoming week. This time it is EUR/CAD, which is showing a fully matured descending channel on the 4-hour chart. The pattern has more than enough touches on both upper and lower trendlines. The parallels are not ideal and the edges are rather rough, but, nevertheless, it definitely qualifies as a real descending channel. Breakout in both directions […]