Day: May 12, 2013

EUR/CAD — Return of Descending Channel on Daily Chart

EUR/CAD chart patterns demonstrate a particularly discouraging streak of losses in my trading record: from last year’s descending triangle, to H4 descending channel of September 2012, to a daily bullish flag last month. The most recent development in this currency pair’s price curve, like 8 months ago, is also a descending channel, although this one is more easily plotted on D1 rather than H4. The chart below shows […]