Look at this cup and handle pattern forming since June 2019. This is perfect TA pattern which give us potential move upside to 5.50 (1.618 Fib) Also we just trade exactly on 0.5 level FIB in monthly timeframe . In local timeframe we have a higher low and lower hight so we are forming triangle with potential upside break out. Target of this break out 3.42. Since September 6, we trade also on 0.5 level FIB. More details marked on chart!
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
Disclaimer: Please be aware of the risks involved in trading. This video was made for educational purposes only not for financial Investment Purposes.
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.