We took a long trade last week on the EURUSD 4 hour chart last week, out of a bullish pattern.

EURUSD

The pattern was strengthened by the daily trendlines.

EURUSD

We took 59 pips at first and then a further 104 at the 1.33 level with stop at break even . Pair reversed back to our stop on some strong bearish price action and is failing to close back above the lower trendline right now, so bearish action may follow on from this .