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Cupandhandlepattern

XCAD is going to increase pretty soonXCAD has formed a Cup and handle pattern which means the price will increase pretty soon. The Price has broken the Resistance above the cup and handle pattern so there is a high chance that it would reach 2,05 right now which is another Resistance and if you pay attention you can see that the Pullback has already happened So It should Start to Pump pretty soon. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
4
XAUUSD DAILY STRUCTURE EXPLAINED XAUUSD on its Daily chart is forming a Cup and Handle pattern. The price is currently in the handle fase and trading a bearish wolfe wave with Estimate price of arrival at approximately 1443.647 at the low of the handle 382% retracement from Cup low. The price has given short signals on Tuesday 13 december due to a Berish AB=CD formation in H4 and is currently retracing to the 382% forming a bearish ABC in H4 chart. Short trades opportunities to 1443.647 may be available from the Week 19th DEc. Once 1743.64 is accomplished, long trades opportunities may be in place to target 1808.194 and looking for the breakout at this point to target further TP1 1879.013 100% AD 272% C&H TP2 1950.965 1272% AD 618% C&H TP3 2041.992 1618% AD 100% SYMMETRY DEPTH C&H With all that said Merry Christmas peace, love and trade safe. Le the money be with you lol TRADE CHARTS PATTERNS LIKE THE PROS 5 GOLDEN RULES 1: The Trade Setup The setup is the basic conditions that need to be present in order to even consider a trade. For example, if you're a charts patterns trader, then a pattern needs to be present. Your trading plan should define what a tradable chart pattern is (for your strategy). This will help you avoid trading when a chart pattern isn't there. Think of the "setup" as your reason for trading. 2: The Trade Trigger If your reason for trading is present, you still need a precise event that tells you now is the time to trade There are various methos using a trigger. A Price accion B Moving averages C Fibonacci 3: The Stop Loss Having the right conditions for entry and knowing your trade trigger isn't enough to produce a good trade. The risk on that trade must also be managed with a stop-loss order. There are multiple ways to place a stop loss. For long trades, a stop loss is often placed just slightly below a recent swing low and for a short trade just slightly above a recent swing high. Step 4: The Price Target You now know that conditions are favourable for a trade, as well as where the entry point and stop loss will go. Next, consider the profit potential. A profit target is based on something measurable and not just randomly chosen. Chart patterns, for example, provide targets based on the size of the pattern. Trend channels show where the price has had a tendency to reverse; if buying near the bottom of the channel, set a price target near the top of the channel. 5: The Reward-to-Risk Strive to take trades only where the profit potential is greater than 1.5 times the risk. For example, losing $100 if the price reaches your stop loss means you should be making $150 or more if the target price is reached. Other Considerations The five-step test acts as a filter so that you're only taking trades that align with your strategy, ensuring that these trades provide good profit potential relative to the risk. Add in other steps to suit your trading style. For example, day traders may wish to avoid taking positions right before major economic numbers or a company's earnings are released. In this case, to take a trade, check the economic calendar and make sure no such events are scheduled for while you're likely to be in the trade. The Bottom Line Make sure conditions are suitable for trading a particular strategy. Set a trigger that tells you now is the time to act. Set a stop loss and target, and then determine if the reward outweighs the risk. If it does, take the trade; if it doesn't, look for a better opportunity. Consider other factors that may affect your trading, and implement additional steps if require. This may seem like a tedious process, yet once you know your strategy and get used to the steps, it should take only a few seconds to run through the entire list. TRADE CHARTS PATTERNS LIKE THE PROS TRADING PLAN Setup + trigger = trade NO trigger – no trade 1 st Identify the pattern H1-H4 M30 ABC-AB=CD-GARTLEY-121 PATTERN’s 2 ND Fibonacci clusters zones (3 or more Fibonacci price relationships within a formation) If price tests and RESPECTS the setup zone, 3 RD Price action reversals patterns M30/M15/M5 OR LOWER TIME FRAME PRICE ACTION REVERSAL PATTERNS TRAP OR/AND HEAD AND SHOULDERS ETC 4RD Trade Entry: for A TRIGGER GO TO M5 TIME FRAME CHART Buy trigger 8 ema crosses above the 34 ema AND a prior swing high is taken out Sell Trigger 8 ema crosses below the 34 ema AND a prior swing low is taken out 5 th stops for BUY setup: Place a stop just below the low end of the price ACTION cluster setup for SELL setup: Place a stop above the high of the price action cluster setup 6 th TARGETS Option 1 take profit at the 61.8% 78.6% Option 2 Exit partials 61.8% 78.6% AND PROFIT 1.272, 1.618 and 2.618 IF THE TREND IS STRONG
OANDA:XAUUSD
by TradeChartPatternsLikeThePros
1
XAUUSD - Gold Bug's Road Map for Swing Long Cup and Handle This 4 hour chart of XAUUSD Spot Gold demonstrates a cup and handle over the past year. The stochastic RSI indicator has been adapted to the long chart period. Over the current YTD the handle has formed and price is headng to the top of the cup where an uptrend should extend to the same additional upside as the cup height. This would equate to a price of about $ 2100 to be achieved over about six months which is approximate 1/2 of the cup width. Fundamentally, the expected recession coupled with the bank upheavals, the collapse of FTX and other challenges to crypto lead a " flight to safety" Globally, central banks are stockpiling gold as means to fortify ahead of the economic headwinds This has created a supply and demand imbalance. Eco 101 says the price will adjust upward until demand destruction sets in. On the equities markets, mining stocks have had a good month as have the ETF both leveraged and unleveraged.
OANDA:XAUUSDLong
by AwesomeAvani
A Cup and Handle on Pegasystems! Potential of +50%NASDAQ:PEGA Pegasystems Inc. is a leading provider of Customer Relationship Management software that enables transaction-intensive organizations to manage a broad array of customer interactions. Their software enables organizations to deliver high-quality, consistent customer service across today's preferred interaction channels, from the traditional call center environment to Internet self-service. The company's customers represent a wide range of industries, including banking and financial services, insurance, healthcare management, and telecommunications. A cup and handle has been formed on Pegasystems. I dont need to tell much, the chart is telling everything. I am waiting for the breakout of the bullish flag (handle), then a small entrancement to enter. We expect to see resistance at 49 - 51, then at 54 - 56, then a move to 70. Let's get it!!! Many thanks for the amazing mentorship from @Market-Snipers
NASDAQ:PEGALong
by bellaSoussa