As if to demonstrate the theory that the EUR/CAD makes for good short-term
breakouts because there is "nothing on the other side" of the trade,
here is a daily chart of the EUR/CAD back from March 2020, showing a monumental
trade after the Bank of Canada made a significant interest rate cut.
If you were long at 1.4500, you can see an increase of over 1,300 pips in a
matter of days...
Attached Image (click to enlarge)
Never underestimate the difficulty of changing false beliefs by facts.