Euro Stoxx 50 is forming a nice cup & handle pattern on the 4h chart.
In case of invalidation of this pattern (break of the handle support around 2850), it would likely head to its Kijun around the 2730.
You could put your stop just above the resistance level of the pattern around 2900.
In case of invalidation of this pattern (break of the handle support around 2850), it would likely head to its Kijun around the 2730.
You could put your stop just above the resistance level of the pattern around 2900.
Trade closed: target reached:
If you have followed this trade in intraday, your stop probably got hit around $2790.