NZDJPY - inverted cup and handle?

aquiagora · **Joined:** Wed Aug 05, 2009 7:11 pm **Posts:** 103

Hi Vahid,

Looking at the H4 chart, would you say that there is an inverted cup and handle formation? If so, then maybe there is a good probability that the price is soon going to fall.
Thanks and regards,
aquiagora

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Attachment:

nzdjpy h4 03mar10.gif [ 18.87 KiB | Viewed 249 times ]

Forexoma · **Joined:** Sat Jul 04, 2009 9:07 pm **Posts:** 1250

Hi Aquiagora,

This is true. It is possible that that it collapses. However, we are waiting for a resistance breakout at the same time too. The resistance is not broken yet. It was tested strongly once, but not broken.

NZDJPY - inverted cup and handle?

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