The GBP purler // Long at D // Eventual Cypher

2 thg 8, 2015

Despite the dominance of the bulls as one of the best animals for breeding, I believe that with the heat, they will become meek...

Trying to find a nice R/R for a Short, even though the market does not give us this gift at the moment;

Point C can be forged a bit up between 127% and 141% extension from X to A leg;

The trend is UP, so the Short position could be, and it is a little risky despite the risk reward, but there's always aggressive traders out there ;) - (I do not advise this short, this is just a prespective of behaviour)

My RSI entering overbought (extreme), i will wait until it starts to show me signs of reversion.

NOTE:
Long at D is the objective of those advanced patterns... IF=THEN

Safe Trades,

open.spotify.com/track/5YhKjllHOmPJMcTdctlOGe