Trading Cup and Handle Pattern

The example shows a "Cup and Handle" pattern formation in XAUDUSD H4 chart


December the 28th, price is closing above the high of the "Cup" level at 1815.634 to signal a "long" trade.

1. Enter a "long" trade above the top of the "Cup" level at 1815.634

2. Place a "stop" order below the "Handle" at 1784.746

3. Place a target at 62% to 100% of "cup" depth from the breakout.
Chart Patternscupandhandlepattern

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