(CLICK ON THE CHART TO ENLARGE IT)On Feb 16th (saturday) I posted:
" # The best strategy here is to wait for a breakout: to have the patience to wait for prices to close outside the diamond trendline before entering LONG, which is not too far away from last Friday´s close at 1.9611".
Result: worked very well. LONG at break 1.9611 made a 100-pip up move.
" # An aggressive strategy is: if prices break the bullish yellow trendline number THREE on the 30-minute chart prices might go to the bottom of the diamond...".
Result: worked very well. See attached 30-minute chart. Brearish trendline number THREE got broken and prices rallied to the bottom of triangle. Actually even did a false breakout to 1.9360. This was a 220-pip move from point of break of trendline THREE (1.9580) to 1.9360.
"# In case of its failure, enter SHORT at break of bottom of this diamond at 1.9331..."
Result: worked well. Prices never hit 1.9331 thus never confirmed the bearish.
