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Cup And Handle

Trading Advice: Cup and Handle Pattern for OSMO Be ready to enter! Watch the price breakout above the handle resistance, this is the right time to enter the deal. Protect your investment! Place the stop loss below the lowest point in the handle to minimise risk. Be ready to enter Watch the price break above the handle resistance, this is the right time to enter the deal. Place the stop loss below the lowest point in the handle to minimise risk. With a target price of $0.59 calculate potential profits based on your entry price. Use the height of the cup to select the target. Make sure there is an increase in trading volume when breaking out, this indicates the strength of momentum. Follow the general direction of the market. An uptrend can enhance your trading chances of success. Be careful in the use of capital. Be careful not to risk more than a small percentage to ensure the continuation of the game. We wish you a successful trade and abundant profits
Long
by Arabian-knights
Cup and Handle Pattern for SHIBImagine a refreshing cup of coffee! Let's break down the **Cup and Handle pattern for SHIB, targeting $0.000017 Look for that classic cup shape, followed by a slight handle. This is your signal that something exciting is brewing! Watch for the breakout! Once SHIB closes above the handle’s resistance, it's time to dive in. This is where the real journey begins! Protect your investment! Set your stop loss just below the handle’s lowest point. This keeps your risk in check if the market takes a turn. Aim for the stars! With a target of $0.000017, calculate your potential profits based on your entry point. Use the height of the cup to project your target upwards! Is the crowd cheering? Look for increased trading volume at breakout. High volume is like a roaring applause, confirming the momentum! Keep an eye on the broader market. A bullish trend can give your trade that extra push it needs! Play it smart! Only risk a small percentage of your capital. This ensures you stay in the game no matter the outcome. Stay alert, adapt, and enjoy the ride!Happy trading, and may your gains be plentiful!
Long
by Arabian-knights
GOLD (XAUUSD): Strong Bullish Signal During the Asian Session Gold retested a recently broken daily structure resistance that was based on a previous all-time high yesterday. During the Asian session today, the price formed a strong intraday bullish confirmation. Retesting the underlined blue area the price formed a cup & handle pattern and violated its neckline. Now we see a nice bullish movement. It may continue at least till Powell speech later on today. I did not manage to trade this setup because I was sleeping when it was formed. But it is a perfect example of a confirmation trading that I teach you and I hope that those who trade the Asian session managed to recognize this signal. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
1
XAU/USD Monthly Chart Analysis: and Future Target 3000?On the monthly chart of XAU/USD, a classic Cup and Handle formation has developed, with a significant breakout occurring on March 1, 2024. Following this breakout, the price rallied by approximately 24.62%. To project future price targets, I employed a method of measuring the depth of the cup and adding it to the breakout level. This calculation resulted in a potential price target range of $2,915.24 to $3,000, reflecting a total expected increase of around 42.39%. As of today, August 22, the price has already moved up by 18.81%, leaving a potential upside of 16% to reach the target. The time projection for achieving this target was derived from the duration taken to complete the Cup pattern, which spanned 108 bars. By dividing this time period by two, I arrived at 54 bars, pinpointing a potential target date of September 1, 2028. Interestingly, there's a coincidental alignment between the breakout date of March 1 and the projected target date of September 1. However, it’s important to note that financial markets are highly sensitive to news and events, leading to dynamic price movements. The prices are not static and can experience various phases, including uptrends and downtrends. The intention behind this analysis is to identify and track high-time-frame patterns, providing a basis for future projections. I’ll also be tagging my previous Ethereum prediction, where I forecasted a price movement from $1,500 to $3,500 based on similar logic. Disclaimer: This analysis is for educational purposes only and reflects my personal study and predictions. It is not intended as financial advice. Please conduct your own research or consult with a professional before making any investment decisions.
FXOPEN:XAUUSDLong
by Jimmy_Rebello
1