On february 7, 2011 I placed a order based on a bullish engulfing pattern on the Eur/Cad pair four hour chart. The long engulfing pattern candle broke the 100 sma SurpriseBox. Two potential targets were mentioned, first the 50sma at about 1.3600 and for more agressive trade was the 1.3700 area corresponding to the recent high. The pair reached the first target, place where I sold all my initial position. The second target was not reached, although broke the 50 sma briefly. It reached the 1.3650 area and then turned bearish. At present near the 1.3450 area, place where the initial trade was placed.
Disclaimer: I trade the patterns depicted either at the entry point stated (e.g. trading channel, breakouts) or afterward. Although my trades are based on technical analysis, trading forex is a risky activity and may produce significant monetary loss. I only make public the trades that I am considering to make, or made and the rational for them. Not intended necessarily as trading recommendations.
