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TradeChartPatternsLikeThePros

AUDCAD CUP & HANDLE

Long
Australian Dollar/Canadian Dollar (FOREXCOM:AUDCAD)  
TradeChartPatternsLikeThePros Updated   
FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar
Cup And Handle cupandhandlepattern tradechartpatternslikethepros Contains image
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cupandhandle cupandhandlepattern tradechartpatternslikethepros containsimage

Hello traders and welcome! Today, let's take a look at the AUD/CAD daily chart, presenting a promising trading opportunity.
snapshot
The price on its daily chart has formed a U-shaped price action structure, representing a Cup and Handle pattern. Currently, the price is trading below the breakout level, which is at 0.90567.

Stops are set at 0.89678 to manage risk effectively.

Target Zone 1:

62% AB: 0.93610
79% AB: 0.94437
Comment:
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