EliteTrader101

UCAD Big Picture prediction

Pembelian
OANDA:USDCAD   Dollar A.S. / Dollar Kanada
There is a cup and handle pattern formed during the past couple of years that should take it up to 1.50 area, but there is also a multidecade cup and handle that could take prices up to 1.8. The weekly chart shows a false break of a triangle to form a W and is now about to breakout to the upside of the triangle to begin the trend. There will be a short squeeze once price breaks above the triangle causing prices to spike like it did the past two times
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