Hi, looking at all three pairs, I think they are winding up for a breakout and my feeling is it will be to the short side. Yippon is in a tight penannt, cable a descending triangle and Tony approaching the top of an established channel. I will attempt to trade the breaks of the penannt/triangle and the reversal from the top of the channel for Tony, but am engaged in lectures this afternoon and may miss the entries.. Go easy if you are going in! I will have to follow with charts later, but draw the channel, pennants and triangles and you will see!
Thursday, 11 February 2010
Break out coming!
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