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BRITISH POUND FUTURES

CME:​B6U2014
 
     
 
     
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B6U2014 Commodities Futures Chart

 

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LEONES LEONES PRO B6U2014, D, Long
B6U2014: Cable (update)
86 2 2
B6U2014, D Long
Cable (update)

The British pound (B6U) is in a clear bull trend with consistent frequency of patterns. Price has retraced during the last three weeks and has NOW reached the hot spot. Lower // line and 20EMA are giving support. The final target is 1.7500 in Sept 2014, then Scottish referendum could reverse the trend or even push the pound higher! I see this trade related to the ...

LEONES LEONES PRO B6U2014, D, Long
B6U2014: Super British Pound - frequency
67 1 1
B6U2014, D 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 ...

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