Usdcadsell
USDCAD 4 HOUR Cup & Handle (GOLDCUP) signalsCUP AND HANDLE (Goldcup) USDCAD 4 HOUR
ENTRY (SELL): 1.41507
SL: 1.41816
TP: 1.40924
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(WARNING⚠️)
I am not a professional trader. This is my personal opinion on the trade, and if you are to take action; it is at your own leisure, I am not legally liable for any money gained or lost.
-RoyalT
USDCAD potential SELLUSDCAD is currently in a major reversal zone that reversed back in January 2016. This gives me a very strong indication that this pair is going to be selling long term. I am expecting price to follow the bearish trend and to break through the support zone at 1.38504 to then retest and make it become a resistance zone; in that instant i am planning to sell long term up until the next support zone situated at price 1.33816 for around 460 pips.
USDCAD potential bounce!
USDCAD expected to reverse up to 1st support at 1.39761 where it could potentially react and bounce to its resistance at 1st resistance at 1.43392.
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