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[/et_pb_code][et_pb_text _builder_version=”4.8.1″ _module_preset=”default”]All right, good day, folks, you ever take a look at the British Pound futures or six B or BP depending on what futures platform you use, and we are at right now at a are in a seasonal window of bullish bias that starts this week and on or around October 25 than 80% profit over the last 10 years. So we have some bullish bias in our favor. And now if we look at the weekly and daily chart, we see the potential for potential, we see the potential for a possible breakout to the upside in the pound. So on the weekly chart, this area right here that broke out to these new highs, we’ve come back and pull into this area of structure as identified on the daily chart as well. In addition, we also have a 123 bottom in the works. Notice that the number two breakout area that we want to get this nice close above the number two, also would be a clearance of the 200 day moving average. So I’m gonna draw an extra little line there for emphasis. So we can get up above this area here at 136 half 136 60. Basically where we are now get a nice solid push through you can see we have 123456 or seven days there where the bears have just not let the bulls get through. I think that this is likely going to bust up and out. We’d like to see a retest back here to this area at 136 60. And then we look for a new leg higher up to about the 138 at 139 area which is indicated by the yellow line here and coincides nicely with this little area of structure. So we’re basically looking for a 200 to 220 point move with each tick coming at $6.25. That’s about a 13 to 14 $100 move per contract and now of course you can trade FX B Frankie X ray Bravo FX Bz ETF that tracks the British Pound futures. If you do not wish to trade futures or futures options[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
