only for self study
The cup with handle is a continuation pattern.
The classic strategy :
Entry: Take a long position at the breakout of the neckline
If hourly closing above neckline is seen
place buy order near 1.09961
Stop: The stop is placed below the neckline
Target: Theoretical target of the pattern
Advantage: The target price is often reached (73% of cases)
Disadvantage: Pullbacks are usual (74% of cases)
If rejected take a short with latest high stop
The cup with handle is a continuation pattern.
The classic strategy :
Entry: Take a long position at the breakout of the neckline
If hourly closing above neckline is seen
place buy order near 1.09961
Stop: The stop is placed below the neckline
Target: Theoretical target of the pattern
Advantage: The target price is often reached (73% of cases)
Disadvantage: Pullbacks are usual (74% of cases)
If rejected take a short with latest high stop
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.