Daily Outlook: Good morning/evening, PipHutters! I stayed on the sidelines of yesterday’s signal as the pair charged through the resistance zone (1.2750) with so much as blinking on the 30m, 1h or 4h charts. With no confirmation there was no reason to enter short and it is a good thing: the pair eventually got [...]
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Daily Outlook: Happy September everyone! EUR/USD took the “alternate path” from yesterday’s signal, failing to close below 1.2630 and forming a triangle consolidation wedge on the charts (see chart below). The higher probability outcome of a consolidation pattern at this point is to the downside given the strong 800 pip drop we saw in [...] Daily Outlook: Good morning/evening PipHutters! There was no signal yesterday so no trades to review, but the EURUSD was very, very bearish on the day. The pair dropped about 90 pips – a lot but we’ve seen larger drops. The more impressive thing was how it dropped – like clockwork we’ve had our past [...] No free signal today. Analysis would have been same as Friday: short term bullish but ready for a bearish turn around. Signal will be back tomorrow! Happy Pipping! Mark P.S. link to Part 2 of the CP strategies article here Daily Outlook: Overall its been a good week of trading. Stood aside yesterday in the EUR/USD signal and will stand aside again today as the market chops around, looking for direction. Plus its Friday and I just generally stay away from Fridays. In a nutshell investors are scared of lots of different markets right [...] |
  
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