Either it continues or falls back (Long Term Perspective)
ที่อัปเดต:
The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. We can see the cup or rounding bottom on our USDJPY and there we can see a handle too at where our price is currently floating.
This analysis was done on 4 hour timeframe and I don't wanna admit any long or short position strategy for now but I created this idea for a purpose to aware other that there is forming such kind of chart pattern on our USDJPY. Going straight to the point as our given title above "Either it continues or falls back" I kept that title cause we are in a stage on our USDJPY where either we will get a continues in our current trend or a reversal pull back if the price doesn't succeed to make "break out" through that upper line of our handle (red one) or the orange line which are both acting as strong resistance. This idea may be more suitable to swing or position traders than other cause the whole idea was analyzed on the base of long-term perspective. They can act depending on the time how USDJPY trend shows the path either long or short.
As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. We can see the cup or rounding bottom on our USDJPY and there we can see a handle too at where our price is currently floating.
This analysis was done on 4 hour timeframe and I don't wanna admit any long or short position strategy for now but I created this idea for a purpose to aware other that there is forming such kind of chart pattern on our USDJPY. Going straight to the point as our given title above "Either it continues or falls back" I kept that title cause we are in a stage on our USDJPY where either we will get a continues in our current trend or a reversal pull back if the price doesn't succeed to make "break out" through that upper line of our handle (red one) or the orange line which are both acting as strong resistance. This idea may be more suitable to swing or position traders than other cause the whole idea was analyzed on the base of long-term perspective. They can act depending on the time how USDJPY trend shows the path either long or short.
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การซื้อขายยังคงดำเนินอยู่
I guess we found our path now. Reason one for our USDJPY to fall บันทึก
Above the Fibonacci retracement was on the 30-min timeframe which I had already in hand to know the action in the small time frame. Here on this new picture I just zoom in the handle of our cup in the previous 4-hour time frame so, where you see the arrow is pointing toward now? I guess it short right? 
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