EURUSD has broken out of a larger ascending channel from the daily chart, the move below 1.1200 was crucial to continuation of a triple bottom at 1.0500. I'll watch for another test of 1.0900 on the way and maybe take some profit there. If this pair can't stay below 1.1200 then I'll exit or wait for the next set up.
1.1100 to 1.0900 is the "clean" movement I'm talking about and that's 200 pips. The bigger movement is 600 (1.1100 to 1.0500) with possible parity at 1.00 for 1100 pips. All this could happen in the next several hours or several days, I've got time...
JaredJJohnson
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Thanks for the critique... and I'm not actually talking about a 500 pip movement anywhere. 1.1100 to 1.0900, the "clean" movement is 200 pips. From there I'm looking for a run into 1.0500 (1.1100 to 1.0500 is 600 pips). But you were close, thanks for keeping me on track. We'll see about Thursday, it does seem like a nice day for a big move (last trading day of the month). Good luck to you and your pips!