11 July 2013

Its fair to say that yesterday most pairs did not follow the bias, but bounced from proven support levels as shown on D charts posted previously. We picked one trade from 4 counter trend options. Counter trend trade rules here http://vantagefx.blogspot.com/2013/02/trade-rules.html

Bernanke's FOMC statement caused significant moves up. Often overly large D candles do not follow immediately whilst the market decides if a new trend has started or if the news move will be rejected. Either way there is no way of knowing.

So all 5 pairs, no bias for today and care needed.