Hey Traders! I’ve found this Cup with Handle on the EURCAD Daily Chart
Do you think it would be a playable Formation? If not, it would be intresting why?
Given the structure of the chart in H4 time frame, the price is in uptrend mode and simultaneously we are observing an inverted AB=CD pattern. between Jan. 4th to Jan. 11th the time will be fulfilled and we are expecting to see the price rose if the positive hidden divergence (+HD) happened and also demand in the pair increased.
We saw the price bouncing back from PRZ area. Climbing of the price to 1.3300 area is expected if condition was in favor and demand increased between Jan. 21st-Feb. 5th .
Here we see a negative divergence
