possible cup & handle pattern

unless it exits around 1.0708/1.0700 or from higher lows

Kommentera:

Possible Cup&Handle Pattern emerging (240min chart).

Pattern Confirmation within 1.8013 to 1.0708 range (for cup), and drop from around 1.0813 (for handle)
Pattern failure if exit-break around 1.0708/1.0700 or from higher lows.

Also, do note that handle (or downside) is also perhaps coinciding with French Elections time ….2rd of April to early May.

On completion or outcome to a C&H pattern is generally bullish.

Kommentera:

Sorry, French Elections is 23rd April and Early May 2017