This double top formation on the daily chart of EUR/CAD offers both an upside and a downside breakout trading opportunities. The pattern's borders are shown with the yellow lines. My potential entry levels are at the cyan line. My potential take-profit levels are at the green lines. I will use the middle of the diamond top as my stop-loss level.
Trade active:
Short trade entered on April 6 at 1.52135. SL = 1.56000, TP= 1.45050.
Trade closed: stop reached:
SL of 1.56000 hit today at 7:15 UTC.
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