Stethostrade

CHALICE CUP AND HANDLE FORMATION! - MULTIPLE OPPORTUNITIES AHEAD

Long
OANDA:EURCAD   Euro / Canadian Dollar
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.
Trade active: Hit TP 1
Trade active: EURCAD SHORT: WAVE 1 to WAVE 2
Trade active

Comments

hello sir good afternoon
plz give me some tips how to predict forex tradeing and how to learn.
if you have a youtube channal or instagram page or any way to learn trade prediction
plz suggest me
Reply
Stethostrade mohitkumawat007
@mohitkumawat007, you can follow my analyses.
I don't have youtube channel and IG page, i learned own my own
Try find local mentor who can you interact- I think would be great.
Reply
mohitkumawat007 mohitkumawat007
OK sir
thank u
Reply
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