F
Long

CUP with the handle

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FX:EURUSD   Euro Fx/U.S. Dollar
93 1 0
only for self study

The cup with handle is a continuation pattern.
The classic strategy :
Entry: Take a long position at the breakout of the neckline
If hourly closing above neckline is seen
place buy order near 1.09961

Stop: The stop is placed below the neckline
Target: Theoretical target of the pattern
Advantage: The target price is often reached (73% of cases)
Disadvantage: Pullbacks are usual (74% of cases)

If rejected take a short with latest high stop
watching with dxy
snapshot
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