Good Morning

Thankyou newdigital for your excellent summary

Ichi Update EURO

Daily

Reversal as anticipated and warned yesterday with the new candle forming a Bearish Engulfing Pattern.

From yesterdays message. 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.

Weekly

The unfinished candle has now retreated back from inside the thick cloud, but with 1 day to go I must wait for it to actually complete to judge if the bearish tone still exists. Symmetrical Triangle still looking valid.

Cheers - Sam