Inverse Cup and Handle for Bearish indicationAfter strong Bullish Engulfing formation on 5th September 2025, the OANDA:NZDCAD price is rocketing towards higher highs, aiming for 0.8624 resistance.
Now it needs some breath after forming a bearish Harami on 12th September 2025.
Looking at the Hourly timeframe, it made an inversed Cup and Handle which indicates for bearish signal.
Yet we need another confirmation for breaking its lower high at 0.8229 which is our entry price
I am bearish from Monday onwards waiting for that cup's handle breakout. Once its done my orders must be triggered and left for bearish.
I will place a sell stop order 0.8229 with my SL at the handle of cup at 0.8256.
I will take two positions both at the breakout of Handle at 0.8229. Both position has 2% risk in total
Note: The Sell stop order is a must. If its not triggered then we are not aiming for any other trade.
Position 1 with 1 % Risk
Buy Stop: 0.8229
Stop Loss: 0.8256
TP: 0.8197
Position 1 with 1 % Risk
Buy Stop: 0.8229
Stop Loss: 0.8256
TP: 0.8160
