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pablo82
Nov 17, 2016 8:41 PM

CUP AND HANDLE SETUP Long

British Pound/Australian DollarFXCM

Description

We have a possibly a cup and a handle pattern in development,

Pay attention to price action and if price will make a handle like structure or descending channel you can enter long after breaking green line with target as per chart.SL should below low of handle / channel.

Comment

Comment

We have had claer breakout and retest of trendline / resistance on lower timeframe.

Therefore up move should continue utiltarget reached.

Comment

Comment

Comment

Very good progres.

Trade closed: stop reached

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