This trade is playing out just perfectly at the moment . Took profits early at the top pf the flag and then bought the dips in the flag just above the 100 day sma (blue triangles). Cup and handle sticking out like a sore thumb and that handle is a bull flag with a short term projection 80.80, but the analysis suggests a probability for a high 3 to 7 weeks from now. Leaning towards about 4 or 5 weeks from now at the moment. Could also run for 90 days from last months low into mid December, so not selling until the picture becomes clearer here. Big plus for currency is low holding costs whereas holding commodities longer term hurts a bit. The purple is the 200 day sma and there is also potential significant resistance right here at 79.70.
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- Weekend Charting and Chat - 14th October 2016
This trade is playing out just perfectly at the moment . Took...
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