This rectangle pattern on the daily chart of EUR/CAD offers two breakout trading opportunities. The borders of the rectangle are marked with the yellow lines. My potential entry levels are where the cyan lines are. My potential take-profit levels are at the green lines. The stop-loss can be set to the low/high of the breakout candle (not shown on the chart).
Trade active
Short position triggered at 8:04 UTC today with Open at 1.33450, SL at 1.34230 and TP at 1.29996. Great R/R due to the tight stop-loss. Let's hope there won't be any strong pullback here.
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