The Cup and Handle pattern is a bullish continuation pattern that signals a potential upward breakout after a period of consolidation. It consists of two parts:
Cup: A rounded bottom resembling a "U" shape, indicating a period of consolidation.
Handle: A smaller consolidation phase following the cup, often sloping slightly downward.
In the context of the USD/JPY currency pair, identifying a Cup and Handle pattern involves analyzing historical price charts to spot this formation. As of December 12, 2024, there is no widely reported instance of a Cup and Handle pattern in USD/JPY. However, traders can utilize charting platforms like TradingView to examine historical data and identify such patterns.
Cup: A rounded bottom resembling a "U" shape, indicating a period of consolidation.
Handle: A smaller consolidation phase following the cup, often sloping slightly downward.
In the context of the USD/JPY currency pair, identifying a Cup and Handle pattern involves analyzing historical price charts to spot this formation. As of December 12, 2024, there is no widely reported instance of a Cup and Handle pattern in USD/JPY. However, traders can utilize charting platforms like TradingView to examine historical data and identify such patterns.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.