Cup and handle patternNCCW successfully breakthrough significant resistance level which also considered the resistance level of "cup and handle pattern" targeting the below targets:
- Potential buy range: 5.7 - 5.9
- TP1: 7.9
- TP2: 10
- SL: below 5.6 " require confirmation"
It is considered medium to long term target.
NCCW trade ideas
tweezers magnet = trend shift Hello Traders,
i love this price action when i see it especially on the big frames when it happens it confirms the buy or the sell option and give me more confident in my trade you will the last 3 candles first 2 was bearish and the last one turns bullish again with another day in green
*conclusion :
im going long from here to the 6.1 target this is more than 60% in profits
good luck
NCCWOn Chart Fib Retracments
Channels
Every Pivot on Channel will work as support or Resistance based on where the price is located
When u have a Fib Level + Channel Mid/Lower/Higer Band thats a strong Area to Consider Buying/Selling.
Atm Its good Entry with a tight Stoploss 3.66
Kinda Bullish For Long Term.
Investor stop Would be Close Lower than 2.91