Now there's a post!

My view of monthly is that January was a reversal month and February and March went up from the prior momentum which ended Friday

Not sure of your timeframe but UC looks like it formed a top last week. UC tends to be a one way ticket and it picked south on Friday. I’m short. Oil supporting it by going up

My head says news it going to decide, but longer terms charts are def bearish. Bears can't like this current potential hammer on 4H...I'll risk a scalp sell looking to put stop to BE just after news on the dip.

dumped my uc long with the 10:00 news, and stopped out of my EU short. decided to scalp an EU long, be on the stop now. strong 15 m candle, if it holds for 30 & 1H, then could be the start of something. Noting the 1H last ABCD basically met (1 pip ...

UCad worth a look, crude is going down today, DXY going up UCad is above yesterday's 50% -1.3408 above all daily, intraday 20mvas main resistance is long term 61.8% at 1.3437 --near there now and recent minor double top at 1.3439 (yesterday/today) ...

winner winner chicken dinner

just possibilities, but: EU has an ABCD up to the weekly pivot at 1.1340 now..... DXY has an H&S on the 15m today for the reversal, but has to make it through the open first my techs are showing end of this minor EU bounce down and could certainly ...

Yes, JayBag, I'm taking sells here. Seems to look like a bear flag---esp on 15 min/30 min/1H charts.

EU went down because of the report that the ECB is cutting their outlook and debating making more cheap loans to spur their economy, i.e. new sellers because bond rates will go down.

Looks like a bit of down in EU to me.

more like 1.1375 (abcd up tat) edit: but my guess is tomorrow

Not to be an advertisement or an endorsement, but trading view.com has a 3 minute chart as one of the standard options on the free version

DXY also closed that gap from 12/17 - 12/18, so another reason for DXY reversal (I have no idea how long, maybe just minor). image

Yep. Argh. So, I had 1.1234 as the target, did make some good trades this week, but was too chicken to get in on today's short on EU. That's how they do it, those markets, hit the targets when it's not looking so strong. Probably took the strength ...

lol, guess I was wrong...

keep in mind that DXY is not too far away from closing the gap --and it looks bullish to me on the 15m.

Thanks for the warning. I'm already done for the day...I've been burned too many times on the NY afternoon, so generally try to keep away from trading then.

I've been following this thread for a little while and have learned a lot from all of you. Thanks! I am a bit surprised no one pointed out that EU is at the weekly S1 already---it looks to be holding on the intraday charts for the first test, but ...

Enjoy the vacation.