Result on May 26th (click on the chart to enlarge it)WINNER
It seems that prices want to break the upper trendline of this symmetrical triangle. They are right at its vertice so in order for this symmetrical triangle works prices will have to make a move this week...
This is a Winner strategy because on May 24th I posted:
" SHORT at last Friday´s high at 132.99 with STOP at 133.13 and LIMIT at 131.71 (6EMA)".
Prices didn´t reach my target at 131.71 but if you were day-trading you saw the support prices did at Central Pivot on Monday May 25th at price area 132.08. This accounted for a nice 91-pip move!
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Initial Post on May 24th
(Click on the chart to enlarge it)Prices just hit the Upper trendline of this major Symmetrical Triangle. Odds are that prices will at least bounce down from this upper trendline. So points are:
* SHORT at last Friday´s high at 132.99 with STOP at 133.13 and LIMIT at 131.71 (6EMA).
* LONG at break of last Friday´s close at 132.74 with tight 20-pip STOP and LIMIT 134.50
