The EURCAD pair has created a double bottom. We may expect the market to test the neckline, which is around 1.36, since that's usually what happens. However, we can't just take the trade an hope for the best just based on this formation. We need to wait untill all the rules of our strategy are met to create a high probability setup. So let's wait and see if the market will provide us the correct circumstances for a trade.
Trade closed: target reached:
Winner with a 2.05R return