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MMQ_FX

EURCAD - Descending triangle. One more push to the upside?

Long
Euro / Canadian Dollar (OANDA:EURCAD)  
MMQ_FX  
OANDA:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns EURCAD euro CAD canadiandollar Descending Triangle
8
2
trendanalysis chartpattern eurcad euro cad canadiandollar descendingtriangle
EURCAD moving within the descending triangle formation, however finding strong support at the highlighted demand region which it has not been able to break for some time now.

Price again seems to be respecting this zone and I believe we may have further upside movement before a break/selloff occurs to the downside.

Potential +160 pip movement to meet the descending trendline. Stops can be placed below the previous lows. Great R:R on this trade!
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