StevenH

Cornering the EURCAD

FX:EURCAD   Euro / Canadian Dollar
EURCAD             has one of my favorite trades right now. Ive got it cornered in both directions.! 1= the larger bullish cypher that will complete at the D leg if price continues to decline. 2= the smaller cypher that just clipped the .127 extension for the C leg of the pattern so if price action rallies a good bit here in the next few hours then that pattern will complete and my short trade will be triggered!! enter on the D leg with stops above X leg and targets at a .382 retrace of the total move of the C to D leg not... not a .382 to your entry on the D-leg, it has to be moved with price action. Figured that one out the hard way lol!!
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