The Flag retracement post FOMC was too strong a chart pattern, even for an untested DP yesterday as EUR/USD sellers were queueing to force PA to 1.3750, where it staged a slight recovery back to 1.3777. We attempted to play a DP Test, looking for 1.3815 to hold but Southerly momentum ignored us completely and no entry was forthcoming.
Looks like 1.4000 may have to wait!
The Day Ahead
A little work followed by some relaxation. Turning the charts off after a very quiet trading week that produced 3 entries for 3 BE Trades. Our funds are safe to work & grow next week.
Know safety, no injury. No safety, know injury.
Tomorrow – your reward for working safely today.
Have a great weekend.