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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
You can find useful tools to detect, build, and trade chart patterns - all completely free on earnforex.com.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.