Good Morning

Thankyou newdigital for your extensive summary (do you ever sleep?).

Ichi Update EURO

Daily.
Continues to please short term traders with another 28 pips in the bag. (Max 208 in 4 days).

The 3 candle pattern formed now is an 'Advance Block' so this gives a warning to beware of a possible reversal around the corner. This formation is similar to the Bullish Three White Soldiers formation. However, the Bearish 'Advance Block' pattern alerts traders to the weakness of the upside price action since the close of the second and third days are significantly less than their highs. (For a 3 White Soldiers pattern check out the 13-15th March 2006 daily EURO chart).

Weekly
Little further to report. The unfinished candle still has its head just into the thick cloud, but with 2 days to go I must wait for it to actually complete before making any further prognoisis.

Cheers - Sam