soldierducky
Short

EURCAD BREAKOUT PLAY H1 DESCENDING TRIANGLE

FX:EURCAD   Euro Fx/Canadian Dollar
11 0 0
DESCENDING TRIANGLE spotted. Wait for the MA to compress and range. That usually means the volatility is building up before exploding like a compressed spring. You can use Bollinger Bands if you want but they are quite untidy on the charts.

Profit target:1.3535 (green line)

I'll calculate separately if the pattern fails and goes up. I need to know where the breakout point is
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