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Channel Chart Pattern | EUR\CAD
Chart Patterns are known to be the best market analysis mechanisms. Well, we got one here: A Descending Channel pattern appeared at the EUR\CAD; Pattern is extremely strong, as price respected the Support and Resistance for 9 times. The more bounces of price on a Support or Resistance level, the stronger this level is and less risk is involved in trading by it. It is 115 pips in size, which provides us a high profit margin and a reasonable Risk:Reward ratio. Enter to read the trading rules.