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12 September 2013 | Free Daily Analysis | EURUSD : MULTIPLE PROFITS


G’day Surfers – What a Wonderful Wednesday – it Was.

Yesterday’s Report

 

We had to be patient but the wait was well worth the effort. Price Action (PA) bounced between Daily & Monthly Pivot for the majority of yesterday before breaking Long, taking not one but TWO of our Intraday Trades with it. With the first Free Trading, a second Secret Surfing The Pips Candle Pattern alerted us to the pending Long Breakout – both hit Target with the first taking advantage of the big spike, banking a bonus 15 pips! Nice work.

Technical Analysis

Now broken – our 1.3285 Daily Critical Zone becomes the “testing material” for the Bullish continuation. A nice confluence #1 of DP/DCZ & former Resistance Trendline¬† appears the likely “battleground” today. Victory for the Bulls here will bring 1.3400 into sharp focus. With Pivots still mixed nothing is certain but if there are buyers around – now is their time. The pullback to this area will test DP and we like that! Like yesterday, a Double Top has formed so a break below the confluence area may well lead to a sell off.

 

The Day Ahead

 

The picture is quite clear today as we await the re-test of #1. Above it, I’ll look for Long entries, below it, Shorts.

 

High Impact News – C.E.T.

1:40pm EUR ECB President Draghi Speaks

2:30pm

USD Unemployment Claims

Enjoy the week’s wind down.

Geoff Pyne  
CERTIFIED TRADER

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