Rebound

Okay so Yippon broke to the upside.

As I posted earlier, I took the trade as I had planned on a convicted 5min close and targetted the 5minute 800 sma.

Here's how the trade looked...

This quick trade netted another 2% for the account.

As you can see the pair is currently ranging around the 5min 800, between the 2 red horizontal lines. For those of you with the time to watch closely, a break to the upside might make the 1H 200 sma, but for me a break down is a litttle more likely in the first instance, so the risk to reward doesn't quite stack up and I don't want to sully such an outstandingly profitable week.