Cup and handle setup

Dec 21, 2017

Simple cup and handle trading setup. Three days in a row almost same closing price. Good possibilities for GBP to move north.

Dec 28, 2017

Trade active

The trade seems to be working.
First target is 1.35490 which is a resistance level.
Second target is 1.36380 which is the next resistance level.

Dec 29, 2017

Note

Good opportunity to close part of the position and leave the rest of it risk free.

Jan 2, 2018

Note

Good year to all. Price is reaching second target level. Be aware to close the trade.