Cup and Handle Pattern in GNA AxlesCup and Handle pattern forming on the Weekly Timeframe. points that are adding conviction for further upper side.
. Increasing volume with an increase in price.
. Breakout of consolidation on the daily timeframe of 700-710 levels.
. Increasing Relative strength against Nifty 50.
. 680-700 levels acting as a good demand zone.
Entry near 720-730 levels with 50% quantity and rest quantity near 760-770 levels .
Initial Stoploss near 690 levels and then keep trailing your stoploss according to the price action.
possible Targets: 800 level and then all-time high levels.
(((30% to 45% upside possible with stoploss of about 5%)))
Cupandhandlepattern
MIKA - CUP WITH HANDLEI bought positions today
The reasons:
1. Low-risk entry
2. Long base, 31-week Cup and handle
3. Near all-time-high back to 2015
4. 7 years long base setup
5. VCP characteristics
Flaws:
1. Bad fundamental standpoint
2. Lack of volume on the breakout
If you draw a line back to 2015, you will see the line of supply near the all-time high. This is the main reason I bought this stock.
Does Cup and Handle work like that?My idea for the next two weeks is bullish if we won't see a double top. The resistance in the 1.11 Range seems stronger than the one around 1.08. I hope for a pullback to 1.06 since the RRR is not quite good at the current setup.
Am I correct in my Cup and Handle assumption?
EURUSD CUP & HANDLE PATTERNEURUSD has formed an U shaped formation considering a Cup And Handle pattern on its daily chart.
The price is approaching the Breakout: 1.07362 where long could be executed following up with uptrend confirmation
stops will be placed Stop: 1.06398
targets
62%: 1.14781
79%: 1.16789
127%: 1.22637
162%: 1.26710
Ocean Usdt is about to fly.It has already made a cup and handle on daily chart. I am expecting it to go to 0.226.
Keeping my target at 0.225.
XMRUSDT | BullishTrend| 1 Hr
XMRUSDT is making a cup and handle pattern. Also it is in bullish trend.
It seems it will continue its bullish trend.
$EURNZD - Trade idea EURNZD - As kiwi heads higher, expect eurnzd to decline. You get the pattern?
It's a typical, the trend is your friend with this one, I did fade some took that off. Now if we break this support we head down further!
Not Signal Provider - Follow your own trade plan!
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two positions for xlmusdt ... check ithello guys i have 2 positions for xlm cryptocurrency...
short position:
sl: 0.1334
tp: 0.0590
entry: market
long position:
sl: 0.0341
tp2: 0.093
tp5:0.2067
entry: 0.0520
always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment.
cup and handle pattern in BLZ/USDT BLZ is forming a cup and handle pattern with ascending triangle pattern. it's likely to break out.
NATURE OF XAGUSDI am checking the nature of the XAGUSD from the previous 10-12 years chart.
By looking at the nature of the chart I realized the following things:
1. Forming a Bearish Rally inside a parallel channel
2. Break the rally and forms a range
3. Completes the range and forms a parabolic shape/ cup n handle pattern
4. Moves upside after completing the pattern
It repeats this process two times and now it is again at the 1st step (Forming a Bearish Rally)
$EURNZD - Pay attention $EURNZD - Pay attention
Whilst having patience waiting for nzdusd set up, take a look at minor pairs related. EURNZD is brewing and could excel to the upside but currently within the ranges.
A break of .64200 areas this set up is no longer valid.
Trade your own plan - it's very important.
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