Recent Higher highs and lows suggests an uptrend. The trend is your friend they say... Trade according to your strategy and trade PLAN
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A bullish "Engulfing" candle has formed. Waiting for the daily close to validate the long idea.
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The bullish candle that developed on 01/17/18 rejected the bears advance on the 2 prior sessions, yet failed to cover the greater half of the enthusiasm established by the bears on 01/10/18. Friday session ended with a bearish engulfing candle that confirmed daily position trading attention. The idea of a long opportunity for a weekly traded plan is not developing at this time. The rate decision may change the swing but we expect another trading range that will please and displease news report dependent positions. No position may be the best position, depending on your plan and how well your strategy fits that plan.