knight721

knight721 Updated 

The 4hr chart is forming a nice head and shoulders pattern as the right shoulder should reach a major supply zone @1.1500 as well as my 72% Fib. The pair was in a nice upward channel then created a lower low (1.1289) that broke the channel and now is going to retest the 1.1500 supply zone, then should start selling off.

knight721

This pair is in a nice down trend and currently in a wedge. If this pair tries to retest the 129.000 level during the Asian session then that will be a good entry for a short position. The blue boxes are Supply & Demand Zones. Entry: 129.000 zone TP 1: 126.500 TP 2: 125.000 SL: 129.300

knight721

If the daily candle closes above 1.1430 then signal is Long and trend reversal is in effect, otherwise the trend is still a short. Short: TP @ 1.1150 Long: TP @ 1.1750

knight721 Updated 

Looking for short @ Fib 786 zone @ 1.1430-1.1450 to continue the daily and 4hr down trend. Watch price action to make sure it doesn't break @ 1.1477, if it breaks that level then longs are still in play. Entry @ 1.1430 - 1.1450 TP @ 1.1130 SL @ 1.1477

knight721 Updated 

The Head & Shoulders (purple line) pattern did not form but the 1hr chart is holding steady on the trend line to reach next zone @ the Fib 618 to test the 1.1400 zone.

knight721

4hr chart shows tight range for awhile and broke out the range today. While the markets were choppy and unpredictable all day, I believe this pair will bounce back to the top of the trendline, then break it. Hit the like button!

knight721

On the 1hr chart this pair is forming a nice head and shoulder as the pair re-tests the 1.1300 zone. A break below 1.1260 (purple line) will be a for sell zone.

knight721

A break below the purple line @1.1260 will be a complete head and shoulders formation and a run to the weekly low will be tested @1.1215.