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Trade Chart Patterns Like The Pros025

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0% found this document useful (0 votes)
21 views61 pages

Trade Chart Patterns Like The Pros025

Uploaded by

VERO NICA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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www.patreon.

com/tradechartpatternslikethepros 30 OCT 23'


A Weekly Publication, Issue 025

The Secrets Of Trading Chart


Patterns Like The Pros

• Daily/Weekly Analysis
• Trading Ideas & Updates

this issue covers: s&p, nas100, dow, crypto, gold, crude oil, forex.
The Secrets of Trading Chart Patterns Like the Pros 2023 ALL RIGHTS RESERVED

No part of this document may be reproduced or transmitted without the express written consent of the
www.patreon.com/tradechartpatternslikethepros or Constantino.

This document relies on sources and information reasonably believed to be accurate, but neither the author nor
publisher guarantees accuracy or completeness.

The examples in this document could be considered hypothetical trades.

The CFTC warns that:

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED
BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES
SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL
PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING
PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY
PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL
RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OFFINANCIAL RISK
IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING
PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL
TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE
IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE
PREPARATION OFHYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL
TRADING RESULTS.

COPYRIGHT © 2023 - www.patreon.com/tradechartpatternslikethepros


Data & Charts are created by Constantino DeLa in Tradingview. Published in the United kingdom.
Disclaimer

All the material in this document is provided as Educational Material only. NONE of the chart patterns
or chart setups or all other material in this document are trade recommendations. Trading is risky. You
are 100%responsible for your own trading.
Current Issues
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Market Quotes

"It's not whether you're right or wrong that's important, but


how much money you make when you're right and how much
you lose when you're wrong."
-George Soros.

"At the end of the day, the most important thing is how good
are you at risk control. Money management is the most
important thing in the whole world. If you don't stay in the
game, it doesn't make a difference how well you play."
-Paul Tudor Jones.

"The four most dangerous words in investing are: 'This time


it's different."
-John Templeton.
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MAYOR MARKET INDICES TRENDS


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GOLD, SILVER, OIL, DXY


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CRYPTO CURRENCIES
The S&P 500
Description

The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities. According to our Annual
Survey of Assets, an estimated USD 15.6 trillion is indexed or benchmarked to the index, with indexed assets
comprising approximately USD 7.1 trillion of this total (as of Dec. 31, 2021). The index includes 500 leading
companies and covers approximately 80% of available market capitalization.

Index Attributes

Created in 1957, the S&P 500 was the first U.S. market-cap-weighted stock market index. Today, it’s the basis of
many listed and over-the-counter investment instruments. This world-renowned index includes 500 of the top
companies in leading industries of the U.S. economy.
The S&P 500 is part of a series of S&P Dow Jones U.S. equity indices that can be used as mutually exclusive building
blocks; the index does not overlap holdings with the S&P MidCap 400® or S&P SmallCap 600®. Together, they
constitute the S&P Composite 1500®.

Methodology Construction

The following methodology summary is provided for convenience purposes only.

Universe. All constituents must be U.S. companies.


Eligibility Market Cap. To be included, companies must have an unadjusted market cap of USD 12.7 billion or
greater, and must have a float-adjusted market cap that is at least 50% of the unadjusted minimum market cap
threshold.

Public Float. Companies must have an investable weight factor (IWF) of at least 0.10.
Financial Viability. Companies must have positive as-reported earnings over the most recent quarter, as well as over
the most recent four quarters (summed together).

Adequate Liquidity and Reasonable Price. Using composite pricing and volume, the ratio of annual dollar value
traded (defined as average closing price over the period multiplied by historical volume) to float-adjusted market
capitalization should be at least 0.75, and the stock should trade a minimum of 250,000 shares in each of the six
months leading up to the evaluation date.

Sector Representation. Sector balance, as measured by a comparison of each GICS® sector’s weight in an index
with its weight in the S&P Total Market Index, in the relevant market capitalization range, is also considered in the
selection of companies for the indices.

Company Type. All eligible U.S. common equities listed on eligible U.S. exchanges can be included. REITs are also
eligible for inclusion. Closed-end funds, ETFs, ADRs, ADS, and certain other types of securities are ineligible for
inclusion.
Quick Facts
WEIGHTING METHOD Float-adjusted market cap weighted
REBALANCING FREQUENCY Quarterly in March, June, September, and December
CALCULATION FREQUENCY End o f day
CALCULATION CURRENCIES ILS
LAUNCH DATE January 27, 2023
FIRST VALUE DATE December 30, 1993

All information for an index prior to its Launch Date is hypothetical back-tested, not actual performance, based on the index methodology in effect on the Launch Date.
Back-tested performance reflects application of an index methodology and selection of index constituents with the benefit of hindsight and knowledge of factors that may
have positively affected its performance. cannot account for all financial risk that may affect results and may be considered to reflect survivor/look ahead bias. Actual
returns may differ significantly from. and be lower than. back-tested returns. Past performance is not an indication or guarantee of future results. This back-tested data
may have been created using a "Backward Data Assumption". For more information on "Backward Data Assumption" and back-testing in general, please see the
Performance Disclosure at the end of this material.

Historical Performance
Depending on index launch date, all charts below may include back-tested data.

10,500

9,000

7,500

6,000

4,500

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

■ S&P 500 (ILS)


Performance
INDEX LEVEL RETURNS ANNUALIZED RETURNS
1 MO 3MOS YTD 1 YR 3YRS 5YRS 10YRS
Total Return
19,066.93 2.57% 8.1% 12.52% 11.72% 16.31% 11.69% 12.37%

Price Return
10,845.94 2.47% 7.64% 11.92% 9.81% 14.47% 9.74% 10.23%
Net Total Return
4,072.91 2.54% 7.96% 12.34% 11.15% 15.76% 11.1% 11.72%

Calendar Year Performance


2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Total Return
-7.16% 24.76% 10.06% 21.54% 2.92% 9.9% 10.74% 1.37% 27.46% 23.16%
Price Return
-8.67% 23% 8.07% 19.13% 0.92% 7.72% 8.34% -0.74% 24.88% 20.57%
Net Total Return
-7.62% 24.23% 9.46% 20.81% 2.31% 9.24% 10.01% 0.74% 26.68% 22.38%

Risk
ANNUALIZED RISK ANNUALIZED RISK-ADJUSTED RETURNS
3YRS 5YRS 10YRS 3YRS 5YRS 10YRS
Total Return
12.54% 14.41% 12.19% 1.3 0.81 1.01
Price Return
12.51% 14.41% 12.16% 1.16 0.68 0.84
Net Total Return
12.53% 14.41% 12.18% 1.26 0.77 0.96

Risk is defined as standard deviation calculated based on total returns using monthly values.
Index Characteristics
NUMBER OF CONSTITUENTS 503
CONSTITUENT MARKET [USO MILLION]
MEAN TOTAL MARKET CAP 72,863.87
LARGEST TOTAL MARKET CAP 2,684,667.8
SMALLEST TOTAL MARKET CAP 652.1
MEDIAN TOTAL MARKET CAP 30,392.39
WEIGHT LARGEST CONSTITUENT[%] 7.2
WEIGHT TOP 10 CONSTITUENTS[%] 27.9

ESG Carbon Characteristics


CARBON TO VALUE INVESTED (METRIC TONS C0 2 e/$1M INVESTED)* 58.79
CARBON TO REVENUE (METRIC TONS C0 2 e/$1M REVENUES)* 189.73
WEIGHTED AVERAGE CARBON INTENSITY (METRIC TONS C0 2 e/$1M REVENUES)* 191.92
FOSSIL FUEL RESERVE EMISSIONS (METRIC TONS C0/$1 M INVESTED) 412.38
*Operational and first-tier supply chain greenhouse gas emissions.
For more information, please visit www.spglobal.com/spdji/en/esg-metrics.

Top 10 Constituents By Index Weight


CONSTITUENT SYMBOL SECTOR*
Apple Inc. AAPL Information Technology
Microsoft Corp MSFT Information Technology
Amazon.com Inc AMZN Consumer Discretionary
Nvidia Corp NVDA Information Technology
Alphabet Inc A GOOGL Communication Services
Berkshire Hathaway B BRK.B Financials
Alphabet Inc C GOOG Communication Services
Meta Platforms, Inc. Class A META Communication Services
Exxon Mobil Corp XOM Energy
United health Group Inc UNH Health Care
*Based on GICS® sectors
Sector* Breakdown

• Information Technology 25.8%


25.8%
• Health Care 14.4%
e Financials 13.1 %
4.7% • Consumer Discretionary 9.9%

7.4% • Industrials 8.4%

8.3%
e Communication Services 8.3%
• ConsumerStaples 7.4%
• Energy 4.7%
8.4% 14.4%
e Utilities 2.9%
• Materials 2.6%
9.9%
13.1%
e Real Estate 2.5%

*Based on GIGS® sectors

The weightings for each sector of the index are rounded to the nearest tenth of a percent; therefore. the aggregate weights for the index may not equal 100%.

Country/Region Breakdown
COUNTRY/REGION NUMBER OF CONSTITUENTS TOTAL MARKET CAP [USO MILLION] INDEX WEIGHT[%]
United States 503 36,650,525.19 100

Based on index constituents' country of domicile.

Tickers
BLOOMBERG TICKER REUTERS
Net Total Return SPXILSN .SPXILSN
Price Return SPXILS .SPXILS
Total Return SPXILST .SPXILST
MAYOR INDICES
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S&P 500 121 BEARISH

The S&P 500 has formed a 121 bearish pattern, and the price is currently trading below the short entry level of
4327.49. 121 bearish patterns are typically valid when the price closes and trends below the short entry level,
confirming a downtrend.
To manage risk, consider placing a stop above 4413.27 when entering a short trade.

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NAS100 121 BEARISH PATTERN

The Nas100USD has formed a 121 bearish pattern on its daily chart. The price is currently trading below the
short entry level of 15051.8. 121 bearish patterns are considered valid when the price closes below the entry
level within a confirmed downtrend. You can enter a short trade below the entry level with a stop placed
above 15344.4.

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US30 121 BEARISH PATTERN

US30 has formed a 121 bearish pattern on its daily chart, and the price is currently trading below the short entry
level of 33884.49. 121 bearish patterns are valid when the price closes below the short entry level, confirming a
downtrend. Stops should be placed above 34181.05.

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RUSSEL 2000 RECTANGLE CHANNEL

Russell 2000 (RTY) is currently trading within a rectangle channel, with the Lower Trendline
Breakout level set at 1643.8315. Rectangle channels are typically considered valid when the
price consistently breaks above or below the boundary trendlines, confirming a trend.
To manage risk, stops can be placed at the midpoint of the rectangle channel, which is at
1824.4571.

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COMMODITIES
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Gold (W) ABC BULLISH

Gold (XAUUSD) has formed an ABC Bullish Pattern on its daily chart. The price is trading above the long
entry-level 1913.940. ABC Bullish patterns are valid only when the price closes above the entry-level with
the confirmed uptrend. Enter a long trade above the entry-level with a stop below 1801.126.

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CRUDE OIL CUP & HANDLE

CRUDE OIL is currently trading a cup and handle pattern on its daily chart. The price is trading above the
long entry level of 83.392. Cup and handle patterns are typically considered valid when the price closes
above the breakout level, confirming an uptrend. If the price does close above the breakout level, you
may consider entering a long trade with a stop set below 80.547.

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CRUDE OIL ABC BULLISH

Crude Oil has formed an ABC bullish pattern on its daily chart. The price is currently trading above the long
entry level of 84.503. ABC bullish patterns are typically considered valid when the price trades above the long
entry level and confirms an upward trend. To manage risk, a stop-loss order is commonly placed below the
entry level, in this case, below 84.503.

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CRYPTO
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BTC RECTANGLE CHANNEL

Bitcoin/US Dollar (BTC/USD) is currently trading within a rectangle channel pattern on its daily chart, and the
price is trading above the Lower Trend Line Breakout at 24778.97. Rectangle channel patterns are typically
considered valid when the price closes above the upper or lower boundary trendlines. For a long trade, you
may consider entering above the Upper Trend Line Breakout 31844.22 level with a stop placed at the
Midpoint of the rectangle channel's height, which is at28389.51. Conversely, for a short trade, you can enter
below the Lower Trend Line Breakout level with a stop also placed at the Midpoint of the channel's height,
28389.51.

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ETH DOUBLE DRIVE BULLISH

Ethereum/US Dollar (ETH/USD) is currently trading a 2 Drives Bullish Pattern on its daily chart, and the price is
trading above the near breakout level of 1562.98.

2 Drives bullish patterns are typically considered valid when the price closes above the long entry level. For a
long trade, you may consider entering above the long entry level with a stop placed below 1460.46.

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FOREX
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AUDCAD RECTANGLE CHANNEL

The Australian Dollar/Canadian Dollar (AUD/CAD) has formed a rectangle channel pattern on the weekly
chart. The price is currently trading ABOVE the Lower Trend Line Breakout level at 0.85624. Rectangle
channels are typically considered valid when the price trades below or above the boundary trendlines,
confirming a trend. To manage risk, you can set a stop at the midpoint of the rectangle channel, which is
at MID: 0.90564.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros


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AUDJPY DIAMOND PATTERN

The Australian Dollar/Canadian Dollar (AUD/CAD) has formed a rectangle channel pattern on the weekly
chart. The price is currently trading ABOVE the Lower Trend Line Breakout level at 0.85624. Rectangle channels
are typically considered valid when the price trades below or above the boundary trendlines, confirming a
trend. To manage risk, you can set a stop at the midpoint of the rectangle channel, which is at MID: 0.90564.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros


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AUDUSD RECTANGLE CHANNEL

The Australian Dollar/US Dollar (AUDUSD) has formed a rectangle channel pattern, and the price is currently
trading below the Lower Trend Line Breakout level at 0.64586. Rectangle channels are typically considered
valid when the price closes below or above the boundary lines, confirming a trend. To manage risk, you can
set a stop at the midpoint of the rectangle channel, which is at 0.66774.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros


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CADJPY CUP & HANDLE PATTERN

The Canadian Dollar/Japanese Yen (CAD/JPY) has formed a Cup and Handle pattern on its daily chart. The
price is currently trading below the Breakout level at 110.624. Cup and Handle patterns are typically
considered valid when the price breaks above the breakout with the confirmed uptrend. To manage risk, you
can place a stop below the midpoint of the handle, with a stop at 108.985.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros


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CADCHF RECTANGLE CHANNEL

The Canadian Dollar/Swiss Franc (CAD/CHF) has formed a rectangle channel on its daily chart. The price is
currently trading above, near the Lower Trend Line Breakout at 0.64586. Rectangle channels are typically
considered valid when the price breaks above or below the boundary trendlines with a confirmed trend. To
manage risk, you can place a stop at the midpoint of the rectangle height, at 0.66431.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros


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EURCAD HEAD & SHOULDERS

The Euro/Canadian Dollar (EUR/CAD) has formed a Head and Shoulders pattern on its daily
chart, and the price is currently trading above the Neckline Breakout level at 1.42850. Head and
Shoulders patterns are typically considered valid when the price breaks the Neckline Breakout
with a confirmed trend. To manage risk, you can place a stop at the level of the right shoulder,
which is at 1.45791.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros


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EURAUD CUP & HANDLE

The Euro/Australian Dollar (EUR/AUD) has formed a Cup and Handle pattern on its daily chart, and the
price is trading above the breakout level at 1.59641. Cup and Handle patterns are valid when the price
trades above the breakout with a confirmed uptrend. The stop-loss should be placed below the mid-
handle at 1.56396. The target zones are 1.70292 for the 62% Fibonacci extension and 1.73094 for the 79%
Fibonacci extension.

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EURAUD INV. HEAD & SHOULDERS

The Euro/Australian Dollar (EUR/AUD) is trading in an Inverse Head and Shoulders pattern on its daily chart.
The price is currently trading above the Neck Line Breakout at 1.66494. Inverse Head and Shoulders patterns
are typically considered valid when the price is trading above the Neck Line Breakout. To manage risk, you
can place stops at the midpoint of the right shoulder from the neckline breakout, which is at 1.65457.

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EURGBP EXPANDING TRIANGLE

Euro/ British Pound (EUR/GBP) has formed AN EXPANDING TRIANGLE ON ITS DAILY CHART AND THE PRICE IS
TRADING ABOVE THE LONG ENTRY LEVEL 0.85355. TARGETS UPPERT TRENLINE. EXPANDING TRIANGLE ARE ONLY
VALID WHEN THE PRICE TRADING ABOVE THE LONG ENTRY LEVEL. PLACE STOP BELOW ST: 0.84812

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EURJPY SYMMETRICAL TRIANGLE

Euro/ Japanese Yen (EUR/JPY) is trading in symmetric triangle Pattern on its daily chart. The price is trading
above the long entry-level 145.568. Symmetrical Triangles patterns are valid only when the price closes
above the entry-level with the confirmed uptrend. Enter a long trade above entry-level with stop below
142.521.

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EURJPY ASCENDING TRIANGLE

Euro/Japanese Yen (EUR/JPY) is trading in an ascending triangle pattern on its daily chart. The price is
currently trading below the Trendline Breakout level at 159.754. Ascending triangles are typically
considered valid when the price breaks above the trendline breakout with a confirmed trend.

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EURNZD CUP & HANDLE PATTERN

Euro / New Zealand Dollar / (EUR/NZD) is forming a Cup and Handle Pattern on its weekly chart and the price
is trading BELOW NEAR THE Breakout: 1.82238. C&H patterns are valid only when the price closes above the
breakout level. A long trade is entered above the breakout level with stop placed below the lowest low of the
Handle. Targets: 62%: 1.98658, 79%: 2.03019 target zone1.

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EURNZD ABC BULLISH PATTERN

The Euro/New Zealand Dollar (EUR/NZD) has formed an ABC Bullish pattern on its daily chart, and the price is
currently trading above the long entry level at 1.76902. ABC Bullish patterns are typically considered valid
when the price closes above the long entry level with a confirmed uptrend. To manage risk, you can place a
stop below, at the level of 1.74903.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros


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EURUSD CYPHER BULLISH

The Euro/US Dollar (EUR/USD) has formed a Cypher Bullish pattern on its daily chart, and the price is trading
above, near the long entry level at 1.05557. Cypher Bullish patterns are typically considered valid when the
price breaks above the long entry level with a confirmed uptrend. To manage risk, you can place a stop
below, at the level of 1.04448.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros


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GBPAUD ABC BULLISH PATTERN

The British Pound/Australian Dollar (GBPAUD) has formed an ABC Bullish pattern on its daily chart. The price
is currently trading above the long entry level at 1.91280. ABC Bullish patterns are typically considered valid
when the price trades above the long entry level with a confirmed uptrend. To manage risk, you can place
a stop below, at the level of 1.88512.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros


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GBPNZD CUP & HANDLE PATTERN

British Pound/ New Zealand Dolar (GBP/NZD) is forming a Cup and Handle Pattern on its daily chart and the
price is trading below the breakout level 2.03180
C&H patterns are valid only when the price closes above the breakout level. A long trade is entered above
the breakout level with stop placed below the lowest low of the Handle. Targets: 62%: 2.12282, 79%: 2.14810.

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GBPUSD (W) ABC BEARISH

British Pound/ US Dollar (GBPUSD) is trading ABC ON ITS WEEKLY CHART.

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GBPJPY CUP & HANDLE PATTERN

British Pound/ Japanese Yen (GBP/JPY) is forming a Cup and Handle Pattern on its daily chart and the price is
trading below the breakout level 172.136.
C&H patterns are valid only when the price closes above the breakout level. A long trade is entered above
the breakout level with stop placed below the lowest low of the Handle Targets: 62%: 182.524, 79%: 185.309.

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GBPJPY (W) DIAMOND PATTERN

British Pound/Japanese Yen (GBP/JPY) is trading in a diamond continuation pattern on its weekly chart. The
price is trading above the Long Breakout level of 172.129. Diamond continuous patterns are typically
considered valid when the price breaks above the breakout level with a confirmed trend."

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NZDJPY DOUBLE TOP PATTERN

The New Zealand Dollar/Japanese Yen (NZD/JPY) has formed a Double Top pattern on its daily chart. The
price is currently trading above, near the Neckline Breakout at 87.035. Double Tops patterns are typically
considered valid when the price breaks below the Neckline Breakout with a confirmed trend. To manage risk,
you can place stops at the midpoint of the Double Top pattern, at 88.603.

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NZDUSD RECTANGLE CHANNEL

The New Zealand Dollar/US Dollar (NZDUSD) has formed a rectangle channel on its daily chart, and the price
is currently trading at the LOWER TREND LINE BREAKOUT level, which is 0.59885. Rectangle channels are
typically considered valid when the price closes above or below the boundary lines, confirming a trend. To
manage risk, you can place a stop at the midpoint of the rectangle channel, which is at 0.61975.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros


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USDCAD ABC BULLISH PATTERN

The US Dollar/Canadian Dollar (USD/CAD) is trading in an ABC bullish pattern on its daily
chart, positioned above the long entry level at 1.35236. ABC bullish patterns are typically
considered valid when the price trades above the long entry level with a confirmed upward
trend. To manage risk, a stop can be placed below the 'C' point of the pattern, which is at
1.33734.

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USDCAD INV. HEAD & SHOULDERS

The US Dollar/Canadian Dollar (USD/CAD) has formed an Inv. Head and Shoulders pattern on its daily chart.
The price is trading above the Neckline Breakout level at 1.36534. Inv. Head and Shoulders patterns are
typically considered valid when the price breaks above the Neckline Breakout with a confirmed trend. To
manage risk, you can place a stop at a specific price level below the right shoulder, for example, below the
midpoint of the right shoulder, or at a level that aligns with your risk tolerance.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros


www.patreon.com/tradechartpatternslikethepros

USDCHF INV. HEAD & SHOULDERS

US Dollar / Swiss Franc (USD/CHF) has formed an Inv. Head and Shoulders pattern on its daily chart. The
price is trading below the Neckline Breakout level at 0.91476. Inv Head and Shoulders patterns are typically
considered valid when the price breaks above the Neckline Breakout with a confirmed trend. To manage
risk, you can place a stop at a specific price level below the right shoulder, for example, below the
midpoint of the right shoulder, or at a level that aligns with your risk tolerance.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros


www.patreon.com/tradechartpatternslikethepros

USDJPY CUP & HANDLE PATTERN

The US Dollar/Japanese Yen (USD/JPY) is forming a Cup and Handle pattern on its daily chart. The price is
trading below the Breakout level at 151.928. Cup and Handle patterns are typically considered valid when
the price closes above the breakout level with a confirmed uptrend. To manage risk, you can place a stop
below the midpoint of the handle, which is at 149.564.
Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros
www.patreon.com/tradechartpatternslikethepros

CHFJPY (W) CUP & HANDLE

The Swiss Franc/Japanese Yen (CHF/JPY) has formed a Cup & Handle pattern on its weekly chart, and the
price is currently trading above the breakout level at 149.799. Cup and Handle patterns are typically
considered valid when the price is trading above the breakout level with a confirmed uptrend. To manage
risk, you can set a stop below the breakout level, which is at 143.377. The specified target zones are as follows:
Target Zone1: 62%: 179.736 - 79%: 87.879.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros


www.patreon.com/tradechartpatternslikethepros

CHFJPY CUP & HANDLE PATTERN

The Swiss Franc/Japanese Yen (CHF/JPY) has formed a Cup & Handle pattern on its daily chart, and the
price is currently trading above the breakout level at 151.466. Cup and Handle patterns are typically
considered valid when the price is trading above the breakout level with a confirmed uptrend. To
manage risk, you can set a stop below the breakout level, which is at 150.238. The specified target zones
are as follows: Target Zone1: 62%: 160.072 - 79%: 162.584. Target Zone2: 127%: 169.204 - 162%: 174.013.

Disclaimer: Education purposes only. not advise. Charts: Tradingview @tradechartpatternslikethepros

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