EUR/USD: Possible patterns and scenario's on the hourly charts
Still potential upside on this pair based on the bulish bat from this idea:
The path to re-testing that broken trendline however is unknown, as always there are an infinite number of possible scenario's that could develop...
My last short idea on this timeframe didn't work out. The possible H&S pattern made me do a new analysis on the 1H and 4H charts.
Based on this I've started looking at new patterns and setups, a few of them are depicted on the chart.
I've traded quite some H&S patterns on the 5-15 min. charts but I must say I haven't had alot of success with these up until now. I am starting to think these patterns are more continuation patterns than reversal patterns..., so proceed with caution!! Anyone reading this who could comment on that? Would be very much appreciated!
For now, on these shorter timeframes I'm still looking to get short and then back long, and then back short, etc, etc to infinity... :-)
The path to re-testing that broken trendline however is unknown, as always there are an infinite number of possible scenario's that could develop...
My last short idea on this timeframe didn't work out. The possible H&S pattern made me do a new analysis on the 1H and 4H charts.
Based on this I've started looking at new patterns and setups, a few of them are depicted on the chart.
I've traded quite some H&S patterns on the 5-15 min. charts but I must say I haven't had alot of success with these up until now. I am starting to think these patterns are more continuation patterns than reversal patterns..., so proceed with caution!! Anyone reading this who could comment on that? Would be very much appreciated!
For now, on these shorter timeframes I'm still looking to get short and then back long, and then back short, etc, etc to infinity... :-)
