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Prop Trading Futures

Alert May 28, 2015

GBPCZK has been one of the best trending cross rate of the past two years.

Since it completed a 6-monh Rounding Bottom, back in 2013, the pair has moved up almost to reach the minimum measured move target of the chart formation.

GBPCZK

Shorter term, yesterday the pair completed a 4-month Rectangle while  today there was a re-test of the base of the breakout. Obviously this is not a sign of extreme strength, but, if yesterday’s low holds and today’s high is taken out that this could be a decent long setup.

GBPCZK