This trade idea is for demonstration and educational purposes only. Trade at your own risk.
We see a possible teacup formation. Key things to note:
1. Price is being contained within an ascending channel.
2. Price is very well respecting the 50% fib level and using this level as dynamic support.
3. Possible makings of teacup in terms of handle formation.
Please like and offer comments. Please also follow me on Tradingview. You will see that my trade ideas have a high rate of accuracy. Please also join my team of forex traders where I offer mentoring and one-on-one support by way of our fantastic educational platform. Inbox me for more information. Please also feel free to follow me on Instagram and Facebook (links below).
We see a possible teacup formation. Key things to note:
1. Price is being contained within an ascending channel.
2. Price is very well respecting the 50% fib level and using this level as dynamic support.
3. Possible makings of teacup in terms of handle formation.
Please like and offer comments. Please also follow me on Tradingview. You will see that my trade ideas have a high rate of accuracy. Please also join my team of forex traders where I offer mentoring and one-on-one support by way of our fantastic educational platform. Inbox me for more information. Please also feel free to follow me on Instagram and Facebook (links below).