the pattern cup & handle in daily time frame is clear and usually after this pattern we should have a reversal trend which in this case is uptrend. but for now, we are in the channel of the candle's cup. we can see that recently the price has tested the upper line of the channel which is aligned with the black zone and it reinforces our idea to get into a short position.
at the end, in H4 time frame we can clearly see an engulfing candle stick formation as confirmation that convinced me to get the short with a good risk to reward ratio.
at the end, in H4 time frame we can clearly see an engulfing candle stick formation as confirmation that convinced me to get the short with a good risk to reward ratio.