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.