Not a lot changed since yesterday. Have covered the shorts again though, as this is starting to look like a triangle building, which would set up the pop up into the 1.3725 monthly pivot zone as discussed, which is also into the arms of my price envelopes. I have the weekly pivot at 1.3640 which seemed to get defended yesterday, and with this sidewards action, it is difficult to see anything other than a wave 4 or 'b' wave happening here at the moment. So, the game plan is the same (try to short the MP) but I am going in either flat or slightly net long into the zone, just in case the 'pop' is bigger than expected, and because the weekly pivot looks pegged below.
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