One of the wonderful attributes of the STP strategy, is its ability to locate acceleration points. Yesterday’s located, we placed a Short order which triggered and went to target perfectly. Only issue – the entry came in concert with News so only those who stretch our rules, banked the profits. For those who didn’t – your trading account will thank you for being circumspect, down the track.
1.3700 has curtailed the Bears frolic – at least for now. Certainly they have momentum on their side. Consistent with yesterday however, Daily Chart still says ‘Long”. Further falls today will change that however, as the most recent significant low (1.3672) surrenders. Until that occurs – I’m Bullish.
The Day Ahead
Keen to get Long early in the hope afternoon News can give us a free ride back towards 1.4000.
High impact News
|4:30pm||EUR||German Buba President Weidmann Speaks|
Have a Wonderful Wednesday