People. M15. Long

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Does this asset break out of the triangle upward? If you look at higher time frames, there is still a possibility of good growth. My quick idea uses just 2% of my balance for a possible return of over 6%. RR 3,31

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Is this a Cup with Handle Pattern? If so, the Target may be around 0.06520

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As we can see, the price has increased by the size of the base of the yellow triangle, laid down from the breakout point. We can assume that the first goal has been achieved with RR 2. Conservative traders can take profits at this level.

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