Took short trades off your idea.
From your chart, seemed to me EURAUD has gone down 2 levels.
In anticipation of going down to L3, took shorts (via pendings) at the top of current range.
Also prepared that it could go against me, esp to 61.8 retrace ( about 60 pips above entry )
20141222_euraud_h1_levels_shorts.png
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I am also interested in EurSek H4. This huge pinbar trapped lots of bulls. So it might be a double top... Might be. If so I can sell it. See how the story unfolds.
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After reading that I right away discovered this!
USD/CAD, tight range Asian, pushed further near London, W, went all the way above Asian range.
2014-12-23_0704.png
Last night I thought M could be forming during NY too. However CJ said it's very important to look at higher TF to know where we are in the cycle and I had no clue either h4 or daily.
2014-12-23_0708.png
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“Forget the BS you've been told. You have been educated to lose your money. All of it.”