Three orders, two entries – two BE Trades. EUR/USD twice looked like breaking North yesterday and we were on both launches. Sadly, Buyers were either insufficient in number or resolve and failed to take us further than our first take profits. Somewhat ironically, our only Short order expired – it was the ‘money ball’! NFP week appears to have settled in and created it’s usual choppy PA.
For the first time this week, we have a guide as to short term direction – an untested DP. Like sister & brother, Daily & Weekly Pivots have not strayed farther than 8 pips from each other this week and naturally, PA is following closely. Still no bias other than the DP Test as PA continues to be bound in a first week of the month, typical range. Good news is, it must break. Hopefully at a Hotspot on the back of a Secret Surfing The Pips Candle pattern. Gap to the North remains open!
The Day Ahead
High Impact News – CET
|2:15pm||USD||ADP Non-Farm Employment Change|
|USD||ISM Non-Manufacturing PMI|
Wonderful Wednesday all.