Mixed early News saw EUR/USD fall to Weekly Pivot where Price Action bounced straight back to Daily. It was that kind of day, where consolidation ruled and a Doji resulted. We saw an opportunity to catch a ride Long to DP shortly after the first News announcement, as the market hesitated. Those that kept the order open for the second News (against our strategy) were rewarded with a TP1. That’s as good as it got however with no further action and we were pleased enough to close another 100% profitable week.
It appears that any continuation or indeed, reversal has been put on hold. Let’s hope it waits until Monday, so we can catch the next wave.
The Day Ahead
With a full weekend planned – Golf Saturday – fishing with friends Sunday, I best get the journal up to date and the household chores done. Whatever it is that your weekend holds in store – I trust it’s a good one and you get to “play”.
You can discover more about a person in an hour of play than in a year of conversation. Plato