Euro - a cup of tea
Is the Euro forming a C&H pattern (bullish)
1. There appears to be a U shaped price movement from Mid March 2020 to June 2020.
2. The handle should be shallow , and ideally trace within 50% of the cup high , which seems to be the present case.
Trade is long
1. Enter at support - 1.1175
2. Target - Prior high ( and cup equal extension)
3. Stop - below 1.10
4. RR = 4
1. There appears to be a U shaped price movement from Mid March 2020 to June 2020.
2. The handle should be shallow , and ideally trace within 50% of the cup high , which seems to be the present case.
Trade is long
1. Enter at support - 1.1175
2. Target - Prior high ( and cup equal extension)
3. Stop - below 1.10
4. RR = 4
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.