G’day Surfers – OMG, dead again.
Yesterday’s Report
EUR/USD crept straight back into it’s shell yesterday, producing a range of only 28 pips. Despite the meagre movement we spotted an opportunity Short that produced TP1 before reversing and then a setup Long that also produced a TP1 before News whipsawed (if that’s the right word in a ‘mini market’) us into a second Break Even trade.
Technical Analysis
Nothing bearish has appeared and the pullback to 1.3904 could not have been more precise. With Bullish Pivots and a decent Flag #1, I’m looking again, towards 1.4000. A STP Secret Candle Pattern sitting on a Hotspot is the only piece of the equation yet to be filled.
The Day Ahead
A big afternoon of News will have me keen to get in a free trading position before lunchtime. Could be a good ride, if successful.
High Impact News
| 1:45pm | EUR | Minimum Bid Rate |
| 2:30pm |
|
| 3:30pm | USD | Fed Chair Yellen Testifies |
Have a great Thursday.
Geoff Pyne
CERTIFIED TRADER
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