- Gone nowhere fast since long initiated at average in-rate of 1.0670 (but positive carry of appx 10 pips per week).
- Monthly and weekly charts have not changed too much in outlook since then. Both still uptrend. Recent weakness just a temporary wobble in the big scheme of things.
- Action plan from daily chart : If we can get to and close above 1.0756, the chart would have potential for a new impulsive upleg. Thus, buy stop-in placed accordingly. Cannot rush this until we get the break.
No comments:
Post a Comment