Trading Cup and Handle Pattern
The example shows a "Cup and Handle" pattern formation in XAUDUSD H4 chart
December the 28th, price is closing above the high of the "Cup" level at 1815.634 to signal a "long" trade.
1. Enter a "long" trade above the top of the "Cup" level at 1815.634
2. Place a "stop" order below the "Handle" at 1784.746
3. Place a target at 62% to 100% of "cup" depth from the breakout.
The example shows a "Cup and Handle" pattern formation in XAUDUSD H4 chart
December the 28th, price is closing above the high of the "Cup" level at 1815.634 to signal a "long" trade.
1. Enter a "long" trade above the top of the "Cup" level at 1815.634
2. Place a "stop" order below the "Handle" at 1784.746
3. Place a target at 62% to 100% of "cup" depth from the breakout.
