EUR/CAD Forming Cup and Handle Pattern.

FX:EURCAD   Euro / Canadian Dollar
Currently, EUR/CAD is trading at 1.5586. The pair is trading above the channel resistance level , It can move below resistance level to start a new down trend in the channel. So, accordingly plotted entry levels and target price. If the price breaks resistance level at 1.5531 inside the channel, then the price will enter into the downward channel and start a new down trend. Then its target price will be the support level of channel at 1.5350.

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Rishikesh Lilawat


But, it is not that cup and handle is bullish pattern? And cup should go to the two tops at 1.599.