Neutral for 2 hrs.
Earlier long position was taken out with the before-stated take profit line and failure to get on top of the upper yellow ST trend line. I would still like a LONG position, but WILL WAIT for the following reasons:
1) MACD seems to be meandering (not even hovering or piercing) around a neutral zero
2) NIKKEI is down, which typically points towards a stronger JPY
3) We're getting close to the Europe open market (and it's typically loud around that time)
4) RSI is oversold, but in a low volatility time frame.
5) No more GBP news this week. (But USD unemployment tomorrow)
6) 15min Chart analysis makes me hesitant.
If you had a short from bouncing off of the yellow resistance line, keep it, with a tight SL. Otherwise wait for Europe to open (in 2 hours) to determine direction. Also, I'm waiting for Danske to come out with their projection.
1) MACD seems to be meandering (not even hovering or piercing) around a neutral zero
2) NIKKEI is down, which typically points towards a stronger JPY
3) We're getting close to the Europe open market (and it's typically loud around that time)
4) RSI is oversold, but in a low volatility time frame.
5) No more GBP news this week. (But USD unemployment tomorrow)
6) 15min Chart analysis makes me hesitant.
If you had a short from bouncing off of the yellow resistance line, keep it, with a tight SL. Otherwise wait for Europe to open (in 2 hours) to determine direction. Also, I'm waiting for Danske to come out with their projection.
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