GBPNZD --- *INVERTED CUP AND HABDLE PATTERN*
THERE'S AN INVERTED CUP AND HABDLE PATTERN @ H4 CHART.
AFTER THE CUP FORMED AND THE BEGINNING OF A NOTICEABLE HANDLE TAKES SHAPE, BEGIN TO MONITOR TRADING VOLUME CLOSELY.
MIGHT OBSERVE A STEADY, DROP IN VOLUME THAT COULD POTENTIALLY INDICATE THE END OF THE HANDLE'S FORMATION IS NEAR.
> ENETER A SHORT POSITION AFTER A MEANINGFUL RETRACEMENT OF THE HANDLE
AFTER THE CUP FORMED AND THE BEGINNING OF A NOTICEABLE HANDLE TAKES SHAPE, BEGIN TO MONITOR TRADING VOLUME CLOSELY.
MIGHT OBSERVE A STEADY, DROP IN VOLUME THAT COULD POTENTIALLY INDICATE THE END OF THE HANDLE'S FORMATION IS NEAR.
> ENETER A SHORT POSITION AFTER A MEANINGFUL RETRACEMENT OF THE HANDLE
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.