CHALICE CUP AND HANDLE FORMATION! - MULTIPLE OPPORTUNITIES AHEAD
Updated
Cup and handle is a trend continuation pattern and if it is formed at higher time frame,
it is highly significant and in this case, EURCAD will continue its bullish momentum.
There are multiple entries you can take here and in this case; with the highest risk reward are the
i) SHORT opportunity during the course of handle formation.
ii) LONG opportunity from the base of the handle.
Euro continues to dominate the market as the Dollar weakens in few weeks ahead.
This setup is invalid if it breaks the key level - 0.618 retracement of the depth of the cup.
it is highly significant and in this case, EURCAD will continue its bullish momentum.
There are multiple entries you can take here and in this case; with the highest risk reward are the
i) SHORT opportunity during the course of handle formation.
ii) LONG opportunity from the base of the handle.
Euro continues to dominate the market as the Dollar weakens in few weeks ahead.
This setup is invalid if it breaks the key level - 0.618 retracement of the depth of the cup.
Trade active
Hit TP 1Trade active
EURCAD SHORT: WAVE 1 to WAVE 2Trade active
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