This has been by far my favorite pair to trade over the past few months. One thing to note is that for the past year we have been in an ascending wedge and final built up enough momentum to break out. The fact this follows with CBOT is key to long term growth with the influx of new capital during the holiday season. I thing to note is the converging fibs on both the 1.618, 3.618, 2.36 within 1 cent. I targeted a round number of .70 ~ .72 just a bit shy of the fibs to take profits early and avoid getting stopped out before the market rolls over.
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