Alright you guys here we have an descending triangle. And the downward trend line seems to be very reliable since this is the 5th touch on this currency pair. It may come down to support I would take profit when it does and this trade will try to make one last push.
Keep in mind on the monthly chart this is a ascending triangle. Check out my recent posts on EUR CAD to see it.
I made a horrible mistake after I longed this trade and tried shorting it way too early and lost a lot of profit. I knew I should not have but greed over came me. Still a horrible mistake I need to learn from if I want to be a profitable trader. I need to trust the strategy I use and commit to it properly.
~JS
Keep in mind on the monthly chart this is a ascending triangle. Check out my recent posts on EUR CAD to see it.
I made a horrible mistake after I longed this trade and tried shorting it way too early and lost a lot of profit. I knew I should not have but greed over came me. Still a horrible mistake I need to learn from if I want to be a profitable trader. I need to trust the strategy I use and commit to it properly.
~JS