WoW just got weaned myself off of one of those Krazy forex forums. I feel a little dirty. Gotta get back to basics. Whew!!

Yeah, that vacation is only going to be any good if we are in pounds or Euros at the time, because I think the USD is going to zero, and it may happen in a flash, overnight, boom, and it's gone and the Amero is introduced. But, they'll be nice and generous and do what Russia did in '98, and offer us 10 cents on the dollar for a one week period and then all the old currency is worthless. Except I think it may be more like two or three cents on the dollar. And no, I'm actually not joking...

Still the most important fib out there imo.

Couldn't agree more. Look at that line work, the pattern, the W4 and 5 with a pattern in the W4 and into the area, the key Fibs, and so much more, and off it goes. Nice work, M.

1.74 and 1.87 are my next areas based on my weekly/monthly work.

"It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine--that is, they made no real money out of it. Men who can both be right and sit tight are uncommon." Jesse Livermore

A chance to add.

might very well be. Only thing I am weary about here is the very deep C point.

and here are some more lines to enhance the area Duane pointed out.
Certainly a nice confluence, most notably the big blue lower // set line coming in. The confluence of lines and key fibs tells me where to look for a potential reversal. I could not trade ABCDs without that.

I took the trade on a swing trigger on lower TF after it did the DB (small blue line). See where it snapped back up. TL test from above at lower // and ML

update
first thrust, pull back. let's see if it can get over the hump

Since this is FX related, I guess I'll post it here. Did everyone see the 'flash crash' in cable this AM at 2:56? Look on a 1-min. That's spooky, it is even starting to happen in FX now. Notice the rebound right afterwords, kind of the mark of the 'flash crash'. Here's an article on it:

http://www.zerohedge.com/article/dutch-bank-algo-blamed-gbp-flash-crash