How Do You Measure a Cup and Handle Target?

There are a couple ways to measure a cup and handle, but most books/sites will measure the bottom to the cup to the right side of the cup, or depth of the cup.

So, in the case of the GBP/AUD (after posting a rounded bottom last month) here is a chart that will show you a projection of what we could possibly target:

Disclaimer: I am long the GBP/AUD from last week on the breakout

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About Blake Morrow

Blake Morrow is the Chief Currency Strategist for Wizetrade. Blake has over 15 years of trading experience and has been a co- owner of a Dallas based brokerage firm and LiquidTrader Technologies. Currently, Blake does analysis daily for thousands on individual traders, also has appeared as a regular analyst on WizetradeTV, Traders Television and MBT Vision. Blake has also managed 6 figure trading accounts and is a seasoned individual investor in equities and FOREX.