The Euro made a huge drop on Friday and still has a plenty of room to go.
It stopped at a very technical spot, so I'll be looking at two areas to continue to the downtrend: 1.2420 with best timing before European open tomorrow and 1.2440-50 which may produce a reversal at any time before tomorrow or on Tuesday at the latest.

TL backtest at 1.2405 with couple of other things coming together there is a very short term opportunity, if any, in my opinion.

Is this the drop starting?

This gives a look of implosion any second now. That must mean they are setting up a snap trap? I mean, it can't be that easy, can it?

This bull looks as happy as the guys on the rocket.





Source: thepoliticalcarnival.net

So, is that the fake, now the snap?

Or will this flush like it totally look like? Swoooooooooooooooooooooooooooooooosh?

Marcin, did you notice that same nonsense around the European open last night? Pop at 2 AM, drop at 3 AM, then up? Odd.

This is the most bored I can recall being in I don't know how long. Here's one of the bet put articles I've ever read. I follow CH-S anyway, so this comes as no surprise. Been what I've been saying for years anyway.

http://www.zerohedge.com/news/2014-11-24/central-banks-when-we-succeed-we-fail

Snap. The trap is sprung.

Yes. That's strange. I can't see any point in that apart from sweeping small amount of SL's, but we know there are better ways to do that in a layout like that.

Originally posted by jimkane

Marcin, did you notice that same nonsense around the European open last night? Pop at 2 AM, drop at 3 AM, then up? Odd.

Most... boring... slow... day... ever.

nothing makes me happier than seeing the trend resume ;)