DislikedMany congratulations, Hugh, on a very interesting thread.
I noted a similar picture on the EURUSD M15 and before I could post it, the price shot up over 40 pips. Got my 20 pips in a matter of seconds.
BTW, I wonder what caused a sudden surge in the Euro pairs ??
No major news from the US at 1.30 pm today.
Cheers,
PierreIgnored
It goes to show that this pattern works nicely on any timeframe. When you have a reasonable trend and get a smooth pullback you can normally count on a reasonable trade. After that it's just a question of money management.