I'll start with the Euro again.
1.2385 is my next strong area, assuming continuation of a downtrend.

Yeah, that's cool, rat.

First key bounce level at 72.25, and it could be formidable.

Yep, 69.75 drew the strong reaction. Simply amazing to see, even for me.

Look at that! Is that nuts, or what? Right off my area.

Exactly. Just a couple of basic tools, wave structure plus a standard TL fakeout and you have it!

Originally posted by jimkane

Look at that! Is that nuts, or what? Right off my area.

Yes, but add in a key line that this was the third time it used, and you really have something.

Cut-off one...

This one really played games with my read when it did that bounce, which was a normal bounce, right to the TL, then rolled right into my area, all on schedule. If it wasn't for the fact that I knew the odds tremendously favored a ramp into the Friday close, I would haven't even given that bounce a thought. So, look how they played it. Start the bounce, goose it quickly so everyone jumps on for the expected ramp, slaughter them, then goose it like crazy at the last minute. This one destroyed at lot of traders. And right off my area. I keep repeating that because it just blows my mind.

Closely related.

Originally posted by MarcinO

Cut-off one...

It's reads like that, moves like that, that make me want to be around this 'job', or working on the market, almost every waking minute of my life.

you have a key line pie?

Originally posted by jimkane

Yes, but add in a key line that this was the third time it used, and you really have something.