If this runs then my provisional target is around 1.3215 which lines up nicely with H1 ascending TL and daily pivot plus H1 demand zone. Plus 1.382 profit taking extension of last H1 wave. Stocks, oil and EJ look weak ATM which helps.

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Nice observation. Don't trust them much but if it adds weight to my position then great.

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Short EU 1.3266 stop 1.3279. M didn't shape up how I wanted really so this is a more risky booby prize I guess.

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Thanks. Bl**dy options.

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USDCAD is due for a bit of a retrace which might give us a leg up on EU to form the much awaited M.

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Nice site, thanks bstay.

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Nice clean bounce off resistance for stocks and oil. I'd like to see a retest (M) forming on those to coincide with an EU M.

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Yes, and just as I'm looking for quotes on my darn home heating oil!

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Agreed. My bias is definitely short EU ATM based on last daily bar and the look of H4 plus nice divergence still in play on H1. Not ready to jump quite yet. Oil and stocks may be stalling out now though so I'm watching this M15 retrace for signs of ...

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Seems to be risk on with stocks and oil ATM. Would like to see weakening in those before considering shorts really.

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Maybe we'll get an M off Friday's high/open on EU. That would put it about 30 pips above Asia range.

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Possible M forming up on EU supported by: H4 hidden bearish divergence H1 regular bearish divergence M15 regular bearish divergence Doesn't seem ready to fall yet though - holding off for now.

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Morning bstay. Nice H4 channel you have there.

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Pure gold, thanks hart. Sometimes in just a few words you know that a guy has the "right stuff" - and you are one of them.

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Have a good weekend all. Thanks to everyone for their valuable input this week. Let's try to keep these interesting discussions going.

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Thanks hart. I ended up taking +9.3 on this as things were lining up against me and it wasn't keen to fall.

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Thanks for the advice hart. I did take a short from 1.0020 but the stop is only 12 so I'll take what comes.

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No, please keep them coming hart. I'll be up to speed with your strong/weak assessment soon I hope.

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Possible M shaping up on UCAD right now. Don't like the look of the EU bounce so I'm staying clear for today I think.

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Thanks hart. Must look at that TDI thingy. I tend to only have stochs on my screen and that's just for divergence. Took me years to shake the indi habit so it's hard to put things back on there!

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