I know its a dog, Marcin, but the 4 pt pattern is there. I have no Idea when, but we should make new lows. The ideal entry was according to your plan on the daily TF at point D, however, break of lower median line, or the low of 1.0918 are also potential entries. The low of point A @ 1.0450 should be exceeded. However EURUSD has been in this range for over a year, and will not likely be resolved before the November elections. Lower highs at the upper TL and .786 or .886 ret would really get me excited!

I have included this chart for Context. Possible flat ABCD, however I consider the former more likely. Dollar pairs are not currently trending, I will try to post some other pairs that I am looking at soon. I know Marcin, Daily, weekly timeframes are not sexy, however as a famous market speculator said, " Money is made by sitting, not trading "

I have nothing against long term TFs, Duane.
The reason why I do not post charts for such TFs is that I am day trader, so I use them for context rather than to trade of off them.
I fully agree that Euro is waiting for another solid move down.
Here is my short term stuff for Cable. I think they will drop it to 1.2170-80, and then we will see. Come back, even up to 1.32 before another drop wouldn't surprise me, but right now I am focusing on moves down.

Rat are you looking at this area ?

I assumed the Pound would hit 1.2180 end they sent it to 1.21 overnight, and here comes expected reaction.
1.2420-50 is my AOC now, but of course one can trade in two directions now. With such a volatility even a standard size correction, in relative terms as compared to the bigger move, is worth trying.

spy 15