Dont trade BXYpairs right now ...wait for the triang be broken

17 thg 2, 2017

For me, this should be one of the best trades for next week. I see a falling wedge in the 1D frame, and right now we´re touching his top. Since beginning jan 2017 we had been trading the thin pink channel, and right now we see a trangle ready for us in between those gross red lines. Also remember that dobule bottom we´re in since october last year showing us how unsecure is the currency about wich direction is heading. In the macro analysis, I understand it becuase of the uncertainties of Brexit over British economy.

Plan a Bullish EP 125.6 SL 124.2 TP1 125.6 TP2 130.9 with a great risk/profit ratio of 3.79
Plan B Bear EP 123.4 SL 125.1 TP1120.9 TP2 118.5 and TP 3 116.5 for a risk/reward ratio of 4.06

23 thg 2, 2017

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traingle was borken upside ... dont trade BXY now. now we have the trend direction so expect flag correction and tehn bull again.