Here we have the same move done on gbpnzd and I told to buy that pair at the low and while it was in the cup the pair went up over 1000 pip since the first post and then 600 of that on the cup post..
It’s these moves the handle can penetrate deep into the pattern so if you have the skill set to pick a bottom do it on the weekly uptake preferred or daily rejection of lower prices for the reduce risk entry. Or safely trade the break of the diagonal trendline.
If you hold the position your sl got to be within the pattern itself as these move hav i high probability of retesting it’s breakout point..
Confirmation:
Low volatility as price ranged inside the cup, volatility increase as it breaks the cup. The handle is the pullback where vol decreases as it test support- textbook stuff we can see clearly on the indicators here.
Gl
I got so many setups I can’t trade them all. Enrolling more clientele!
It’s these moves the handle can penetrate deep into the pattern so if you have the skill set to pick a bottom do it on the weekly uptake preferred or daily rejection of lower prices for the reduce risk entry. Or safely trade the break of the diagonal trendline.
If you hold the position your sl got to be within the pattern itself as these move hav i high probability of retesting it’s breakout point..
Confirmation:
Low volatility as price ranged inside the cup, volatility increase as it breaks the cup. The handle is the pullback where vol decreases as it test support- textbook stuff we can see clearly on the indicators here.
Gl
I got so many setups I can’t trade them all. Enrolling more clientele!
