BXY trade ideas
Dont trade BXYpairs right now ...wait for the triang be brokenFor 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
back to black: Pound pairs confirmed for buysive decided to start using my black charts again, the break from them was nice, but here we got a nice cypher pattern coming up for the pound index! meaning pound pairs must be setting up to buy. i trade structure before anything else and structure indicates we may see some bulls coming into play!
look at some british pairs and pick your setup!
thumbs up for more updates and posts!
