Even though Blogger adds the date to the top of the post, I keep wondering if I should put the date in the title.
Some action last night. EURUSD flirted with 1.3000 for a while, broke through it briefly before good US economic news propelled several currency pairs higher on "risk rally".
While the EURUSD only just broke through the bearish hourly trend line and failed to reach the previous days high, GBPUSD and AUDUSD (not shown) did.
There is finally a little bit of consolidation though, enough to place pending trades according to my break-out strategy:
Will there be a nice clean break-out or will volatility whip-saw my trades into stop-loss oblivion? Stay tuned ...
