NZDCHF: CUP AND HANDLE PATTERN
This instrument has been in a descending channel since January 2023 and it seems to be preparing for a break out using a cup and handle pattern as a launchpad. The journey to the most aggressive targets is very bumpy though and the most important of the pivot points are marked on the chart. The most conservative entry is after the breakout of the resistance of the descending channel and 1D MA 50 while the most aggressive entry is on the breakout of the handle
Note
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.