DislikedGood call on the M at 3:43amEST! Both EUR/USD and EUR/JPY broke above yesterday's highs, threw 2 pins at pivot M4 (stop hunts), then created the M-pattern 15mins you alerted us. The second leg of M came close but could not break higher at 4:00amEST. If this topping action is mid-week reversal, could see both EUR pairs targeting M2 and rising 200ema.
(M2 --> M4 for bullish days, M3 --> M1 for bearish days, M4 --> M2 for top reversal, M1 --> M3 for bottom reversal)
ECB rate decision 7:45amEST and conference call 8:30amEST coming up.Ignored
Interesting bstay2, what indi do I need to plot these M levels please?