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27 March 2014 | Free Daily Analysis | EURUSD : PIP DROUGHT CONTINUES

DB 2703 H4
DB 2703 M30

G’day Surfers – I’m thirsty for pips!

Yesterday’s Report

 

Just like the day before it and the day before that and……..yesterday’s PA continued to turn it’s back on our now quite persistent attempts to make some pips. Again we saw opportunities to ride a breakout Long and again, sellers kept buyers at bay until our orders expired – twice! As it turned out, buyers weren’t up to the task when finally they entered the market as Price refused to leave the confines of the week long range. Still no entry.

Technical Analysis

 

How many ways is there to say the same thing? Nothing has changed all week – just bungee moves amongst long tails in both directions. DP is tested and creating a mixed Pivot formation by remaining between WP & MP. Though frustrating, nothing needs to change in our pursuit of pips – Analysis – Hotspots – Secret Surfing The Pips Candle Patterns…..the pips will come. The Double Bottom formed on Tuesday, remains our biggest clue to what happens next – “ready when it is”!
 

The Day Ahead

 

More patience as the market decides if the double bottom is enough to send this beast skyward??

High Impact News – CET

1:30pm USD Unemployment Claims

Have a great Thursday.

Geoff Pyne  

CERTIFIED TRADER

 
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