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13 November 2014 | Free Forex Analysis | EURUSD : CHOPPY SURF/MIXED RESULTS

DB 1311 H4
DB 1311 M30

G’day Surfers – bungee battle ends in good win OR draw.

Yesterday’s Report

 

Well, what a day yesterday turned out to be as the bungee chord went into overdrive. First up, I spotted a nice acceleration point and was rewarded with a nice Short that travelled beautifully to target. The consolidation that had been forming inside a Pennant looked likely to break Long thereafter, as the bungee effect went into full swing. The result of the Long order we placed was dependant on which Broker you use. Some brokers triggered an entry, others did not. Those not –  had a nice winning day, those that did –  had to settle for one and one. Our second S&R attempt to get Long this week has not yet been filled.

Technical Analysis

 

PA appears very reluctant to stray far from the two central Pivots (DP & WP), forcing the Pennant to remain intact. This must end of course but which way, is anyone’s guess. That the Pivots remain Bearish, probably has me slightly Short biased but I’m certainly happy to accept what might be on offer. We can probably consider DP tested,  though it’s a very close call.

The Day Ahead

 

I would only be guessing to state which direction I will be trading today so it’s over to PA to deliver a Secret Surfing The Pips Candle Pattern at a Hot Spot.
 

High Impact News – CET

 

2:30pm
USD Unemployment Claims

 

Have a great day everyone.

Geoff Pyne  

CERTIFIED TRADER

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