Before the pullback, the asset must grow by 30%. Everything is relevant for the stock market, in Forex such a strong price increase can occur for years, so, in my opinion, to apply the pattern in practice a rally of 7-15% is enough. On the daily chart of USD/NOK it is about 11%.in the area of the bottom of the Cup. This will prove that the big players will defend their long positions. Thomas Bulkowski points out that the faster the Mango is forming, the more efficient the pattern is. According to his studies, targets with a size equal to the distance between the bottom of the Cup and the height of the right side work 50% of the time in a bull market and 27% in a bear market.
If the target is halved, the chances increase significantly: up to 76% and 55%, respectively. “Cup with Handle” Pattern on AUD/JPY Daily Chart LiteFinance: Mug with Handle - Cash Forex Pattern | LiteFinance A successful assault Jamaica Mobile Number List on resistance is a signal to open a position within the framework of a strategy based on the recovery of an uptrend. The long entry can be made at the breakout price or at the closing price of the breakout bar. A protective stop order is placed near the low of the last price movement. A trade must be closed using the profit factor or by moving the 2R projection to the stop loss point.
Goals according to the “Cup with a handle” pattern LiteFinance: Mug with Handle - Cash Forex Pattern | LiteFinance The easiest way to trade the “Cup with Handle” pattern is to enter a long position at the breakout of the resistance, built according to the highs of the Cup after the Handle has formed. A stop loss is placed at the minimum of one of the previous corrections, the target profits have been described above. However, inside the Cup, there may be the same pattern, but a smaller one. In this case, it makes sense to open a transaction to purchase an asset at the level of the maximum domestic rate.
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发表于 2024-3-12 12:20:34
