Perhaps it´s time to take some bips out from there like Cad-Jpy & Gbp-Jpy.
Seems for me we entered much larger zigzag also with eurodollar, 1,3825 is flat bottom for it while 1,3935 is flat top for it and I think it´s going to stay with that road now some time. 3 trades with it, +139 bips european day (2 short, 1 long). When US market opens everything goes dead again, there seems to be a bit new order in this world nowdays. Eur-Aud should be short again in here at 1,7555. UsaCad reached my weekly target today at 1,415 and reversed. This is also the reason I went more skeptical yesterday with eurodollar and decided 1,3825 is going to behave as reversal for it. I don´t have much interest precise EW view with it right now while other pairs are much more clear, but best guess it´s just sideways pattern and does not lead anywhere. If I will increase my UsaCad target, eurodollar is going to plunge – but let´s view that later, perhaps on next week (only if it´s raining).
I am taking rest of the day/evening off – enjoy your US session, enough trading for me from 2 sesssion and clouds just went off – let´s the sunny evening to come…I am wheather trader nowdays 😉
