To trade this Cup With Handle Break Out I would setup a stop-limit-buy order at $15.36 with no slippage and once triggered in setup a bracket order with a stop-loss at $15.12 and limit-profit at $16.81.
This trade has a reward-to-risk ratio of 6:1.
The depth of the cup is also the depth of the target Fib 1.618
This trade has a reward-to-risk ratio of 6:1.
The depth of the cup is also the depth of the target Fib 1.618
Trade closed: target reached:
Just an absolutely beautiful trade
