Cup & Handle forming on EURUSD 4H Chart
From last week's analysis, we noted that a bullish scallop was forming on the 4H EURUSD Chart.
Throughout this week, price seemed to have broke the pattern and formed a bullish channel, signalling a potential Cup & Handle pattern forming instead.
I'll keep an eye out and wait for price to break through the channel before entering a long position in a smaller timeframe.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
Throughout this week, price seemed to have broke the pattern and formed a bullish channel, signalling a potential Cup & Handle pattern forming instead.
I'll keep an eye out and wait for price to break through the channel before entering a long position in a smaller timeframe.
Thank you for reading and happy trading!
Disclaimer:
I am not a professional trader, financial/investment advisor, broker and/or dealer. The idea above is strictly based on my opinion and should only be used for entertainment/educational purposes only. Do conduct your own due diligence and do not act solely based on any information conveyed in this Trade Idea.
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