G’day Surfers – Counter Trend, Counter Bias, Counting Profits!

Yesterday’s Report

 

Very few opportunities to enter the market yesterday and everything looked Bullish. The records will indicate that EUR/USD fell 38 pips in a tight 54 pip range. Our trading record will indicate we saw the opportunity to trade the Short (completely against our bias & the trend) and we traded to target. The StP mantra remains: Trade what you see, NOT what you think.

Technical Analysis

 

The continuation Flag of yesterday has grown somewhat but I can see precious little difference in the charts. A to date untested Daily Pivot (DP) has closed in on Weekly (WP) but still leads a perfect Bullish formation. EUR/USD seems to have found a base in WP and this looks an ideal place to begin the next Bullish phase. So too, does our 1.3450 Daily Critical Zone, which beckons to the South!!