P.S. Did you know PipHut has been around since 2008? I've updated the About PipHut page with a nice timeline of the site, including all the various services and tools we've launched since 2008. Check it out.
Daily Outlook: Yesterday's post was aptly titled Pullbacks are Hard to Come By, and that held true yesterday as the pair continued to skyrocket North with little to no pullback to get in on. I did take the aggressive long on the sustained break above 1.3200 which I closed for a small profit shortly thereafter as 1.3260 capped gains. I currently have a speculative short from 1.3230 after 3 bearish candlesticks on the 4h charts that is about 20 pips in the profit.
As this bullish pace hits breakneck speed the question is always when will it extinguish? My speculative short aside with the short-term this bullish the higher-probability choice is to look for dips to buy into.
Trading Idea: Primary trade is a long with confirmation in the vicinity of 1.3150 support (my short target, incidentally) with targets at 1.3175, 1.3200, 1.3230 and 1.3260 for 110 pips profit.
If 1.3150 is broken then 1.3100 is the next major support to look for buying dips.
P.S. Have you noticed the pair has been playing nicely with large round numbers recently? It's been working great with my entries, tps and sls.