G’day Surfers – it Tough at the Top. Yesterday’s Report The end of a very unusual trading week (with NFP on Tuesday) saw EUR/USD untradeable. Virtually every alternate M30 candle was a different colour with 17 of 28 between UK Open to end of day, being Doji’s. Price Action tried hard but failed to close […]
G’day Surfers – Bulls Roaring but pullback required now. Yesterday’s Report EUR/USD didn’t quite pullback as far as we anticipated because Daily Pivot (DP) refused to yield and sent Price Action (PA) back to the High of the day. This was a purely technical move and a Secret Surfing The Pips Candle Pattern caught […]
G’day Surfers – Remember the Global Financial Crisis (GFC)? Yesterday’s Report The anticipation of a Tuesday NFP announcement was palpable as EUR/USD marked time until the unusual event. Then kaboom – in seconds, the cross was almost 70 pips above the breakout point. We spotted an opportunity to trade the breakout and placed an OCO […]
G’day Surfers – Big news today. Yesterday’s Report A 38 pip doji day is really all that needs to be said about EUR/USD yesterday. We gave the market a chance to come alive, looking to play cheeky Shorts to Daily Pivot (DP). Neither was triggered and both expired. It was a Monday Market and […]
Happy New Week Surfers – How high the EURO? Yesterday’s Report Price Action found 1.3700 an irresistible target on Friday, in a tiny 45 pip range. EUR/USD was in need of a rest after Thursday’s 165 pip Skyrocket took off but there remained enough energy to traverse the small journey to the psychological level. […]
G’day Surfers, we got the present on DCD Eve!! Yesterday’s Report Despite the fundamental mess of the past few weeks, EUR/USD behaved in Pure technical fashion yesterday. Without bias, we slightly favoured a Short direction but another doji day resulted. The market’s first move was Long and a beautiful STP’s secret Candle Pattern had […]
G’day Surfers, the market might be stirring!! Yesterday’s Report As EUR/USD sold off during UK Session yesterday, it felt very much like the market was positioning itself for DCD (Debt Ceiling Deadline) to pass and whatever reaction may ensue. The Bears drove Price Action to WS-1/our secondary Support Trendline #1 where it bounced 50% […]
G’day Surfers – “The market just keeps rollin along” Yesterday’s Report A little more than 4 weeks ago, The Fed did a backflip on the so-called QE Tapering. EUR/USD has spiked and consolidated, spiked in the opposite direction and consolidated again. So nearly a month later, we are still awaiting a trend resumption or […]
