FXbrawler

BCOUSD - The big picture

OANDA:BCOUSD   Brent Crude Oil
BCO             broke out of a reversed H&S pattern and now came into some resistance. It is accumulating in a triangle formation which suggests a continuation, however, I don't rule out that it will pop on the downside. For now I am watching it, but given that this pattern is visible on a weekly chart, I will pyramid heavily into either direction it chooses. For now I am just messing around taking scalps into the pattern as I just did today. Be careful not to be caught on the wrong side of a trade with it though, as a monster is about to emerge from the water.
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