Update II - Wednesday 12th February

OK, so here's what I was referring to in the last post.

A clean break south through the red 15m ema then to hit the support level in black.

That's what has happened, but I haven't traded it since the gap between the two levels was only 8 ticks.

Now what I would like to see is for the green ema to cut back south through the red and for the red to head toward the support.

Providing the MFI and RSI remain below their respective averages then we have a full picture and everything ticked on the checklist.

I will back IF and when the trade set-up materializes.