The hourly rate of pay was a little conservative but our Long order from Monday finally hit target yesterday as EUR/USD powered Bullishly to the top of the DCZ range and the Flag we spotted yesterday. Some small candles prevented further early entries and by the time they ‘grew’ PA had left the building.
DP responded by ‘retracting’ the Bearish statement the pivots were making yesterday. That formation is now mixed with a recently tested DP wedged between WP & MP. No higher high on Daily chart yet so the Bears still have a ‘sniff’ but I’m a Bulls fan again today. Sadly, I believe we’ll get very little movement until this evening’s FOMC Statement.
The Day Ahead
Expecting a day of consolidation but happy to join in, should the action recommence.
|8:00pm||USD||FOMC Meeting Minutes|
Wonderful Wednesday all