LEONES

March pound invasion

Long
CME:6BH2013   BRITISH POUND FUTURES (MAR 2013)
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British Pound typically has a strong tendency to move up in March. Th downtrend started in Jan seems over. The price has moved nicely along the 1/2 Gann line and now is ready to move up towards the 1/1 line. I would buy above last Friday high and close the trade when the price approaches the 20MA.

Comments

It seems that no technical pattern can reverse the downtrend...
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LEONES Mytradersblog
yes not good, got stopped on this...
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