The 4-hour chart of the EUR/CAD currency pair is showing a classic occurrence of the ascending triangle pattern. It can now be used for a bullish breakout setup. The triangle's borders are marked with the yellow lines. My potential entry is marked with the cyan line. My potential take-profit level is marked with the green line. The stop-loss is to be set to the triangle's lowest point at 1.36866 (the red line). I will ignore downside breakouts from this uptrend continuation pattern.
Order cancelled:
Setup cancelled due to the pattern invalidation.
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