The saucer bottom has been, in my experience, a very reliable bullish chart pattern. We want to continue to use appropriate trend following entry strategies of buying on strength. Therefore, you will want to go long on a breakout of recent highs. You'll want to leave plenty of room on your stop loss given the fast and volatile nature of this cross product. Look to trail stops once in.
For a longer term trade and a spot of tea, you may also want to check out the daily chart that shows a well formed teacup with handle.
For a longer term trade and a spot of tea, you may also want to check out the daily chart that shows a well formed teacup with handle.
Note
go here for daily cup and handle:
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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.