Day: July 28, 2013

EUR/CAD Symmetrical Triangle Pattern on Daily Chart

Since the time of the previous important EUR/CAD pattern (descending channel) the pattern had risen significantly and then formed a kind of symmetrical triangle. It is not a very clean Forex set-up, but, as many symmetrical triangles do, it may offer a good risk-to-reward ratio. According to the chart below, there is no lack of upper border touches. The lower border is less significant but has two points to form […]