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Nice one. I managed to grab a few myself (not as much as you), I went to move my target and it came back "too late to modify order", the market flew real fast on that one.
If you look at my last screen shot you'll see a big volume spike on the reversal. I tend to take these when the volume spike coincides with the channel (like a long at bottom of channel, on a volume spike).
While that last move up was a lot of fun, I am not sure it will last. I still favor downside for now I think. I am done for today, need to prepare for the webinar. Will be interesting to see what happens overnight.
Euro and USDX daily charts have formed important patterns. USDX may face resistance at 80 and euro long would be from 1.3150-1.3200 levels.
Tomorrow's speech by Trichet might decide the moves for next week.
Neither. Panel 3, the volume spike (not cumulative delta) - one of the last bars on the chart where price came down to the channel, then the volume spike. I see these often and they usually are a confirmation of 'reversal' if you want to call it that within the channel.