cup and handle pattern USDCAD
Here we can see a cup and handle chart pattern, 1 starting from low
2 follow the cross 3 create a descending channel at the end before (4) breaking the resistance.
2 follow the cross 3 create a descending channel at the end before (4) breaking the resistance.
Note
If the price break and pull back on the 1.38812 I will take a buy position for the next resistance.Trade closed: target reached
I took my profit at 1.38080
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.