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Cupandhandlepattern

AUDCAD MULTI TIME FRAME ANALYSIS Hello Traders! 🌟 Today, we're diving deep into an exciting analysis of the AUD/CAD pair. Get ready, as we unfold the story this chart is telling us across various timeframes! 📈🔍 📊 Weekly Chart: We've spotted a fascinating rectangular channel, indicating a consolidation phase. A key point here is the price rejection at the lower trendline (around 0.85627). Currently, AUD/CAD sits interestingly at the mid-channel point of 0.90564, a critical area to watch. 📅 Daily Chart: Things get more interesting here! We see a Cup and Handle pattern (or a Double Rounded Bottom), hinting at a bullish future. This pattern is eyeing a breakout at 0.90567 – a level we should keenly observe. ⏱ 4-Hour Chart: Our analysis shows an ascending triangle, a typically bullish signal. The price is flirting with the resistance, also at 0.90567, mirroring the daily chart's breakout point. 💡 What This Means: The alignment of bullish patterns across multiple timeframes can't be ignored. If AUD/CAD breaks above 0.90567, we might see a strong upward move. However, always remember, the market can surprise us! 📈 Trading Strategy: Considering a long position on a confirmed breakout above 0.90567. Setting stop-losses wisely, perhaps below the recent low or the weekly lower trendline. Profit targets? Look towards previous highs or Fibonacci levels. 🚨 Risk Management: It's crucial in Forex trading. Manage your positions responsibly, and don't overexpose your capital on a single trade. 🌍 Keep an Eye on the Bigger Picture: Global economic news, especially from Australia and Canada, could sway our pair, so stay updated! That's it for today, traders! Remember, the markets are dynamic, and so should be our strategies. Trade smart, stay informed, and let's catch the next big wave together! 🌊💼 Happy Trading!
Long
by TradeChartPatternsLikeThePros
Long-Term Vision: Tata Motors and the Cup & Handle StrategyTata Motors Current Market Price: ₹740.90 Target: ₹4328 Stop Loss: ₹290 Strategy: Cup and Handle I believe Tata Motors is exhibiting a cup and handle pattern, indicating a potential bullish trend. This not only presents a short-term opportunity but is also well-suited for long-term investors. With the current market price at ₹740.90, the target is set at ₹4328 with a stop loss at ₹290. This analysis is based on the cup and handle pattern, suggesting a favorable opportunity for potential gains over the long term. (Note: I am not a SEBI registered advisor. Please conduct your own research or consult with a financial advisor before making investment decisions.)
NSE:TATAMOTORSLong
by haxorchandan
2
Netflix in large Cup and Handle PatternNetflix appears to me to be completing a large cup and handle pattern. The initial peak of the cup appears at a price level of about $485 while the base appears to be at a low of $345. This price difference is $140, so I suggest the possibility that a new price target for NFLX should be at $625. The handle has just been broken in the upward price direction and I am trading this to that price target unless invalidation occurs. I am watching for the stock price to hold the $485 support that was once previously a resistance to confirm the trend and avoid invalidating the technical formation.
NASDAQ:NFLXLong
by Avatar_Trading
🚧DYDX will Go Up Again🚧 Road Map(1-W)🗺️!!!DYDXUSDT was in the ascending phase by the ascending triangle and cup and handle. DYDXUSDT is in a large ascending triangle on the weekly time frame and also on C&H if it follows these patterns, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ❗ Note that if the triangle or cup and handle is broken down with the power of descending candles, our analysis will fail. 🤑 Stay great my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
Long
by CobraVanguard
3
Uh OhWhat do whle have here? Is this the dangerous pattern of a cup an handle or are we just going to see false breakouts? Typically with this set up as we've seen many many times before just like what happened with DIMO with its over 80% gain in 1 move could we see the same with XRP? They say with BTC hitting 100k we could easily see over $20 in XRP, let's see how true this turns out to be. Always keeping an eye on XRP. I dont imagine $20 right away possible $3-$7 on the first move but this coin has huge potential Good luck amd have fun with it
COINBASE:XRPUSDLong
by Ncard137
ALGO's Parabolic Growth: Cup and Handle Masterpiece! 🚀Algorand (ALGO) emerges as a distinguished performer, crafting a masterpiece in the form of a Cup and Handle pattern. With a breakthrough of a crucial trendline, ALGO is now shaping the handle of this pattern, signaling potential for a resolute continuation of its upward journey. Chart Analysis: Crafting the Cup and Handle Symphony Cup and Handle Formation: ALGO intricately weaves the narrative of a Cup and Handle pattern, a bullish continuation formation. The cup, formed by a gradual rounding bottom, transitions into the handle—a consolidation before the potential surge. Trendline Breakthrough: ALGO marks a significant breakthrough, piercing through a vital trendline. This breakout serves as a precursor to the formation of the handle, setting the stage for a potential strong upward movement. Anticipated Scenarios: A Harmonious Surge Crafting the Handle: ALGO is currently in the process of forming the handle, a consolidation phase within the Cup and Handle pattern. This consolidation is essential for gathering momentum before the next phase of the bullish journey. Bullish Continuation: The completion of the handle sets the scene for a potential bullish continuation. Traders and investors eagerly anticipate the symphony of growth, expecting ALGO to resume its ascent. Strategic Approaches: Navigating ALGO's Crescendo Strategic Entry Points: Traders may strategically position themselves during the handle formation, ensuring entry at optimal points within the consolidation. Timing is crucial, and vigilant entry strategies could enhance the potential for capitalizing on the anticipated surge. Monitoring the Handle Dynamics: Continuous monitoring of ALGO's price action within the handle is imperative. Breakout confirmation from the handle would be a key signal for traders to act on the anticipated bullish continuation. Conclusion: ALGO's Symphony Continues to Unfold As Algorand weaves the harmonious notes of its Cup and Handle symphony, traders and enthusiasts alike await the completion of the handle—a prelude to a potential surge in price. The stage is set for ALGO to continue its journey, composing a resounding melody of growth in the crypto realm. 🚀 Crafting the Cup and Handle Symphony | 🎻 The Crucial Trendline Breakthrough | 🌌 Navigating ALGO's Crescendo ❗See related ideas below❗ Share your insights on ALGO's chart dynamics and join the conversation about the potential breakout and its implications. 💚🚀💚
Long
by Yaroslav_Krasko
🚧WOOUSDT is Bullish now🚧 & many Traders don't see it 👀!!!The WOOUUSDT is in a Bullish phase by Ascending Triangle & Cup & Handle. WOOUUSDT is in a large ascending triangle on the weekly time frame and also at C&H if it follows these patterns we would have seen gold's biggest historical rally. ⭐The pattern will increase the price as much as the measured price movement (AB=CD) ❗ Note if the Triangle or cup & handle is broken downwards with the strength of Bearish candles, this analysis of ours will be failed. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
Long
by CobraVanguard
1
MONERO Rockets Forward: Bullish Cup and Handle Pattern 🚀 !In the dynamic world of crypto, Monero (XMR) has recently unfolded a powerful chart pattern that has traders buzzing with excitement. The emergence of a Bullish Cup and Handle on the daily timeframe signals the potential for a significant upward move, with a target set at $188. Chart Analysis: Cup and Handle Unleashed Bullish Cup and Handle Formation: Monero has gracefully crafted a classic Cup and Handle pattern on the daily chart. The Cup and Handle is a potent bullish continuation pattern, suggesting a potential surge in price. Pattern Breakout: The Handle portion of the pattern has convincingly broken out, symbolizing a shift in market sentiment. This breakout has already breached the level of the Handle, setting the stage for a broader upward trajectory. Anticipated Scenarios: The Journey to $188 Targeting $188: The Cup and Handle pattern implies a target, and in this case, it points to the ambitious level of $188. Traders are closely monitoring price action to see if XMR can sustain its upward momentum toward this target. Strategic Approaches: Riding the Bullish Wave Entry Strategies: Traders might consider entry positions based on the breakout, looking for confirmation of the bullish momentum. Conservative traders could wait for a retest of the breakout level for a more secure entry. Risk Management: Setting stop-loss orders strategically is essential to manage risk, especially in volatile markets. Regularly reassessing the trade in the context of evolving market conditions is a prudent approach. Conclusion: MONERO's Bullish Symphony With the Bullish Cup and Handle pattern taking center stage, Monero's chart exudes optimism and potential. As XMR eyes the $188 mark, traders are poised to capitalize on the anticipated bullish surge, making MONERO an asset to watch in the coming trading sessions. 🚀 Cup and Handle Power Unleashed | 📈 Targeting $188 | 🔄 Navigating the Bullish Momentum ❗See related ideas below❗ Share your thoughts on Monero's Cup and Handle pattern and join the conversation on how this development might shape the future of XMR. 💚🌐💚
XLong
by Yaroslav_Krasko
RBLBANK // Ready to Breakout www.tradingview.com RBLBANK: After a long consolidation, it has made a Cup & handle pattern which depicts the Bullish Breakout. The Fibonacci Extension as well as Fibonacci Retracement has superimposed and making a confluence to the prediction. If you could see the volume as well on the same Daily timeframe chart, it is continuously increasing everyday which suggest a huge interest in bulls. The first target will be 280 and the next target will be 300.
NSE:RBLBANKLong
by Stox_Ware
Raising My Targets on Litecoin. New Cup and Handle Spotted.As you know, I went long LTC at around $68. My target was $81. I am now in the profit and have raised my stops to just over break even ensure that I won't take a lost. While browsing the charts this morning, I spotted something on Litecoin that I did not see previously, a new cup and handle pattern! This one is longer term and gives Litecoin a much higher target, or targets. I will be raising my targets on Litecoin now due to this new pattern spotted. Target one will be $89. Target two will be $96. This is not fin advice. Best, Stewdamus
COINBASE:LTCUSDLong
by stewdamus
$SPY Bullish Breakout: Cup & Handle Formation on Weekly Chart The AMEX:SPY is exhibiting a compelling technical formation on its weekly chart. A classic cup and handle pattern has emerged, signalling a potential bullish breakout. The cup and handle pattern observed over the past several months on the AMEX:SPY not only signals a bullish continuation following a period of consolidation but also aligns with the current Stochastic Oscillator readings below 70, emphasizing the potential for upward movement without immediate overextension. This formation, marked by a stabilizing rounding bottom and a subsequent minor pullback, reflects a growing bullish momentum, further reinforced by the Stochastic Oscillator's position, which adds confidence in the face of the ongoing market volatility. Based on this analysis, a tactical trade can be structured as follows: Entry Point: Consider entering the trade at the current level, as the price breaks out of the handle. Stop Loss: To manage risk effectively, set a stop loss at the low of the handle. This placement protects against unforeseen reversals in the pattern. Take Profit: The take profit target is set at the high of the cup. This offers an attractive near 2:1 profit-to-loss ratio, aligning with sound risk-reward principles. Risk Management: As always, traders should align this trade with their individual risk tolerance and portfolio strategy. This analysis presents a bullish case for AMEX:SPY , supported by both pattern recognition and oscillator readings. While the setup is promising, traders are reminded to conduct their analysis and consider market dynamics. Disclaimer: This idea is for educational purposes only and should not be taken as financial advice. Trading involves risks, and it is crucial to do your due diligence before making any investment decisions.
AMEX:SPYLong
by Scatman_Jeff
2