Trading_Jazz
Long

Cup & Handle by William J. O’Neil 1988 // IF=THEN ®

FX:EURUSD   Euro / U.S. Dollar
FX:EURUSD            

Trade the breakout;
Check previous published idea to have a point of view of another bullish trade setup.
(link below)

Safe Trades;
There really are some abstract names for the abstract patterns abstract decisions by abstract people in an abstract world make!!
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do you think we have ABCD pattern on timeframe 4h ?
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thank you ....
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Great setup mate, doesn't matter whether the trade works or not, I like the representation of hot cup of coffee or chocolate, hehe. Thank you for sharing :)
+1 Reply
I don't trust cup and handles they rarely work.
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PortRoyal PortRoyal
you can pretty much see cup and handles everywhere, but since forex is so volatile i have never seen it work, cup and handles works better in stocks
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Hi PortRoyal, this is only one more, you can check my previous published ideas for this pair, there's a lot of trades setups as you should know, this is only one more that is "synced" with other ideas, maybe this will be the first to work for you ;).
There is also the possibility of more downward motion before the next pulse, forging an ABC correction...

And yes, this setup works better on Stock market on larger time frame, and there's a few conditions to this setup become valid, but let's see what the market give us. Thank you for your comments.
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PortRoyal Trading_Jazz
well see how this plays out ay :)
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Well done, I like this. Crystal clear analysis. A retest of the 1.085-ish level would make a nice entry, in addition to a retest of that longer trendline break. Traders should definitely see your Breakouts // Butterfly post above for a bigger time-frame perspective on this pair.
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Thank You! ;)
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