BCN has ended its bearish cycle; clearly, it is showing the start of the reversal with this two bullish weekly candles, clean break above the gray area will take us to 90-100. Stops under 15. RR 1:10. Trade parameters: Entry 25. Stop 14. Profit taking 90-100. Good luck.
Remember the bullish M pattern or XABCD? well, I think this might play out. If the bottom is in (130.75), I'll look for the pattern to form and go heavy on longs; targeting 134.5. Side note: look how the 161.8 fib extension aligns with the target, unbelievable. Trade parameters. Entry: 131.5 Stop: 131.1 (400 points) Target: 134.5 (3000 points) R:R: 1:7.5 Always...