Cup & Handle , Chf/Jpy, !hour

3 ago 2015

Hey guys , here is a pattern from lesson 2, A Bearish cup and handle being set up on the Swiss/ Yen pairing . I Have my entry placed and ready for the market to pull back to half the height of the cup, I have my stop (safety net) placed at the top of the cup and my limit is placed at the 1.618 extension of the height of the cup. Notice that the pattern suggests the market will follow trend and that there is structure evidence to support all moves. (you have to go back mid July for the structure supporting the Limit or take profit)

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