Get started
Swiss Franc / Japanese Yen
Short

CUP AND HANDLE PTTERN SHORT

By BeautifulTiger
Updated
PRICE HAS HIT A KEY RESISTANCE ON THE DAILY.POSSILY FORMING A CUP AND HANDLE PATTERN WITHIN THIS UPTREND. IM LOOKING FOR A 70 PIP TP TO THE 23% FIBB LEVEL WITH A 20 PIP STOP.ENJOY AND LET ME KNOW YOUR THOUGHTS ON THIS IDEA :)
Comment
WILL BE LOOKING TO BUY AFTER THE RETEST OF THE HANDLE
Comment
Price Testing the 50 Fibbonacci level Still good area to Short.
Comment
Price closed under .618 Fibb level. Holding
Comment
PRICE WENT IN INTENDED DIRECTION FOR SOME PROFIT,BUT CUP AND HANDLE WAS INCOMPLETE. IN SPECULATION IT WAS DUE TO W PATTERN THAT HAD ALREADY FORMED AT THE BOTTOM OF THE MOVE.
Comment
TIP:THE BIGGER THE TIMEFRAME THE MORE ACCURATE THE MOVE.
Chart PatternsFibonacciSupport and Resistance

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.