Sterlingyen Secular Uptrend Breakout Signaled
The breakout signal (green arrow) showing on the CCi is Valid secular uptrend breakout signal. The last time this occurred was back in 2013, and resulted in a move from 128 to 195. (47% appreciation). Back then it was the second wave of QE by global central banks to support equity & asset markets in developed economies. This time around the same central banks are implementing the same policies more aggressively to support global post covid economic recovery.
A secular uptrend could ensue that should be traded profitably for an extended time duration.
The left section of the chart shows that statistically back in 2013 till 2016, long entries could have been taken at 50% consolidation zones in the uptrend and held for liquidation over a 3-4 month quarter annual periods to yield 1200 - 1400 pts on average.
This is actually a valid mutual fund strategy. Its implementation will be detailed over the coming posts.
Profitable trading to everyone & Stay Safe.
Summerset.
A secular uptrend could ensue that should be traded profitably for an extended time duration.
The left section of the chart shows that statistically back in 2013 till 2016, long entries could have been taken at 50% consolidation zones in the uptrend and held for liquidation over a 3-4 month quarter annual periods to yield 1200 - 1400 pts on average.
This is actually a valid mutual fund strategy. Its implementation will be detailed over the coming posts.
Profitable trading to everyone & Stay Safe.
Summerset.