FX:EURCAD Euro Fx/Canadian Dollar
EURCAD has been trending upward for a couple of months and has recently shown signs of weakness and a potential reversal. The pattern is a great way to enter on the reversal. The entry is placed at 0.5BC which is confluent with the completion of a pattern. SL is placed above structure highs and .618BC. Targets are placed at BC terminus, 1.272BC, unhit January 2016 and the unhit cluster from early December.