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Forex Trading | EUR/USD

I’m not kidding, there really is such a pattern.
The Batman pattern, or Batman’s cowl, is aptly named after the shape of the helmet donned by the said superhero. Some say that it is a variant of the double top pattern, and can be traded the same way.

On a sidenote, this dark knight did stage a strong rise later in the US session, retracing the drop during the Europe session and heading to test the previous swing high.

US Stock Indices

Last week was spent in a tight consolidation, a pattern commonly known to price action traders as barbwire. Looking at the overall picture, I am fairly confident of a large downside move starting next week, with a 60-70% probability. I will be watching to see if there is any confirmation to short.

Signs of Bullish Reversal

An inverted H&S pattern spotted on the daily chart of the EUR/USD points to signs of bullish pressure. I will be trading to capitalize on the upside.

EURO STOXX 50

Daily chart of Euro Stoxx 50
Nearing resistance at the top of the range
Will it be able to break out?

Euro Stoxx 50 is a stock index of Eurozone stocks designed by Stoxx Ltd, an index provider owned by Deutsche Börse and SIX Group. According to Stoxx, its goal is “to provide a blue-chip representation of Supersector leaders in the Eurozone”.

Multiple Channels

Let’s wait for it to get there first.
This is projected based on the most probable scenario.
Note: Probable does not mean 100%