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chris333
Sep 10, 2016 11:48 PM

Cup & Handle Bullish Medium Term Long

British Pound/Japanese YenFXCM

Description

We can see the reliable bullish chart pattern of the Teacup Saucer Bottom (aka Cup & Handle) provides a strong bias to the upside. The similar hammer candles indicate continuation to the upside, post retracement. A break above the saucer high with a confirming close above this price level for a few days, would demonstrate the probability of a move to test the 143.23 July 15 high (the beginning of the pre-saucer consolidation pattern). Stay tuned.

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Comments
sam.aziz
Agreed

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