GBP/NOK Cup & Handle

12 בפבר׳ 2020

Possible Cup & Handle, which is a very strong continuation pattern, so far price has failed to make a lower low and has found support at 11.5000, upon retesting the recent high it failed to break above resistance and pulled back to 11.9000 where there seems to be some support. If support at 11.9000 holds, we could see price make another attempt at breaking the high of 12.2000, a successful breakout would result in the completion of the Cup & Pattern. Therefore, a buy entry upon retesting the breakout would be justifiable.