Good Day,

Firstly, welcome to two new subscribers from overnight, hopefully everything is working, not heard anything that is not working, so hopefully all is good.

<span style="text-decoration: underline;"><strong>OVERVIEW:</strong></span>

A bit of movement overnight into the North American session today. The Eurozone taking centre stage.  I took the opportunity of the EUR moves to cover several positions and remove profits from trades moving my stops to protected stops by about +5 pips. I have banked big $$$ this morning especially from the USD/CHF long trade  which I have held for 5 weeks adding to my core position on pullbacks, so I am happy that I have banked 80% of my position size. It was my largest holding, next to the NZD/USD short which I am still holding.

The EUR/USD broke below 61.8% Fibonacci support at 1.3675 and if looking at the DAILY chart you will see that apart from a false breakout last Thursday (On Draghi's big day out) we are now out of the range and are trading the range extension from which the measured move is down to trend line support at 1.3380. If you are not yet short, if we pull back to 1.3575-90, this would like a great place to enter short...1.3750 would be better but not sure we will get there.

Most of the Oil, Gold, Copper, Nikkei  Futures, S&amp;P, Dow Jones and Nasdaq are all trading flat or marginally positive or negative. Are we going to have a boring day like yesterday? The USD index looks strong though.

<span style="text-decoration: underline;"><strong>TRADES OVERVIEWS:</strong></span>

I entered the CAD/CHF on an inverted Head and Shoulders  a little earlier.

I am looking at the EUR/CAD to the short side which is the inverted trade in many ways to the CAD/CHF. There is a hEad and Shoulders pattern there as well. I am so used to and prefer to trade this pair to the long side I am not so sure that I want to take the trade. If I have a hallelujah moment I will let you know via Twitter.

The three JPY trades posted yesterday USD/JPY, CHF/JPY and EUR/JPY all had entries that limited in (triggered).

I have 11 live trades at the moment with two limit orders on standby. I do not really want to add more trades, but, I am happy to hold what I have, and, ahead of the weekend I will further reduce risk exposure. I will add back if it's the right thing to do next week.

Good Luck today, hopefully you banked some $$$ last night / this morning depending upon your location,

Scott