This trade set up is based on 4h chart
Thers is a potential Cup with Handle Pattern on EUR/JPY 4h chart. It's a continuation pattern that makes a consolidation period before followed by a breakout.
Currently, we have a cup and the handle but we need a breakout of the handle resistance line to confirm the pattern.
How to Trade Cup with Handle Pattern?
Wait the breakout to happen and open long on a retest of the broken line.
On the other hand, if the price breaks below the the support line of the handle, the pattern is invalided.
Trade Wise and Good Luck!
Thers is a potential Cup with Handle Pattern on EUR/JPY 4h chart. It's a continuation pattern that makes a consolidation period before followed by a breakout.
Currently, we have a cup and the handle but we need a breakout of the handle resistance line to confirm the pattern.
How to Trade Cup with Handle Pattern?
Wait the breakout to happen and open long on a retest of the broken line.
On the other hand, if the price breaks below the the support line of the handle, the pattern is invalided.
Trade Wise and Good Luck!