Cup and handle for EURUSD
HI all,
Here we have the EURUSD on a 4HR time frame which could be showing a cup and handle pattern, which could be considered bullish! A good way to measure the TP is to wait for a retest at the top of the cup or a candle close above.. and to count the TP distance you can count the pips from the bottom of the cup to the break out level and extending that distance upwards.
Good luck and trade safe,
L
** This is not financial advice - this is my opinion and this is for educational purposes only, All feedback is welcomed **
Here we have the EURUSD on a 4HR time frame which could be showing a cup and handle pattern, which could be considered bullish! A good way to measure the TP is to wait for a retest at the top of the cup or a candle close above.. and to count the TP distance you can count the pips from the bottom of the cup to the break out level and extending that distance upwards.
Good luck and trade safe,
L
** This is not financial advice - this is my opinion and this is for educational purposes only, All feedback is welcomed **
Note
There is also a Double top on the daily, with a strong bearish candle.. maybe stick to the side-lines for this one, until confirmation of either way..
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.