Rolling through my FX charts and jumped up to the monthly and noticed something, I thought worth posting. I'm not a cup and handle expert, but kind of looks we are testing the top side of the handle.
Possible return return to the highs from 2002??
Would like to get some feed back on this... obviously it would take some time to play out!!
Been watching this one for awhile too. Waiting for the break to the upside.
tradingtechnician
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Looks like a proper set up, patience is key for a long term monthly trade like this i think. I might try bottom-fishing this play on another retest of the 1.2 range. Id also jump in if i missed out after a confirmed breakout.
Nugget_Warrior
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The weekly T/L is coming up, I thought this might prove strong sellers around 131.93. For example like eur/usd previous t/l. Perhaps the end of wave 5. Surely the Canadian dollar can't crash. Have to wait and see ????