Long
Super British Pound - frequency
I don't normally trade British Pound because I find it tricky most of the times but what I see here (B6U) is a clear bull trend with consistent frequency of patterns. The recent flag which have formed between the 20MA and the bull median line gives a good entry point and risk/reward ration. The final target will be in 1.7500 in Sept 2014. Then Scottish referendum could create some mess or even push the pound higher! I see this trade related to the UK stock market (FTSE100) which is currently trying to brake major resistance.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.