US1. T-Bonds. Trades of 2017, number 1
Updated
US1 is completing an eventual Cypher pattern and soon will be ready for another leg up. Notice a bullish divergence on a weekly timeframe: such a big timeframe indicates this last leg up will be important and will take some months to develop. But on overall return, in my opinion, it will be one of the best trades of next year.
Notice as well that, despite having tagged the Median Line of the fork, price is heading towards the Hagopian Line. The projected target lays right on the 23.6% Fibo which is a completion point for a bullish Cypher pattern.
Long entry will be placed around 140, with a SL order at 125 and TP1 at 190, with TP2: at 207
Notice as well that, despite having tagged the Median Line of the fork, price is heading towards the Hagopian Line. The projected target lays right on the 23.6% Fibo which is a completion point for a bullish Cypher pattern.
Long entry will be placed around 140, with a SL order at 125 and TP1 at 190, with TP2: at 207
Note
Think bonds still have one more leg down. But after that be ready for an incredible rallyNote
After a mostly flat year, price has finally started to drop some weeks ago. Target should be hit soon but adding long-term longs already sounds a like a good idea
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
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