Tags Posts tagged with "Rounded Bottoms"

Rounded Bottoms

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The cup and handle is a consolidation pattern. It signals a brief pause in the trend. This pattern is likely to appear when the market is in an indecisive phase as a rally pauses and consolidates.

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This system is for trading fake (false) chart tops & bottoms. I call this a contrarian strategy because the trade entry opposes most technical indicators. I’ve used this day trading strategy to produce profitable short-term trades on GBPUSD, EURJPY, AUDJPY, and EURUSD.