CUP of Coffee anyone?

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bullish cup and handle seems to have formed on gbpusd pair (nov. 14 2016)

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Nov. 14 2016 Loss here... cup and handle was negated but instead formed the the bearish head and shoulder pattern that tanked forming the bullish channel as clearly seen on the 4 hour chart. Price action on the 4 hour chart was taken on the following day Nov 15 2016