A Cup&handle pattern on the Shekel X Eur, the cup & handle is the most poweful pattern for a bullish continuity trend (90%). If the cup & handle is broken by a specific trading event the trend could follow the diagonal of the fibonacci retracement in order to do a bullish gartley pattern until the red support zone once done, the next target will be the green zone anyway.
I am intrigued by the consistency of having put this fibonacci retracement on the higher low happened many years ago.
Not a financial advice.
Good trade !
I am intrigued by the consistency of having put this fibonacci retracement on the higher low happened many years ago.
Not a financial advice.
Good trade !