Yesterday, plan went as expected, only a lot sooner than I anticipated. I really thought there would be some more consolidation but it just went, without me unfortunately and has now come back nicely. The important thing is we did see the blue/purple cross telling us that the longer term up trend is now back for the time-baing
So on to today. Looks an easy one at 1st sight, but there's a little Yen weakness showing right now.
Green is south of red and red south of blue so it's a little waiting game for the next 30 mins or so.
I would only be interested in buying today at this particular stage, but I would like to see a break up of the PP at 9.795, then it's got clear space above.
On the other hand, should the price break south of 9.775 we could see yet another reversal.
I am favouring the up move as I said, and am waiting for a little more confirmation.
Both MFI and RSI are trying to pick up the pace slightly and although this may not be a perfect set-up yet, I am tempted to place an order to buy at 9.795 level just so I don't miss the fun today.
I've taken NO trades this week in regulation hours.
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