KevinT

KevinT

SHS formation in progress. If SHS forms, red arrow = target. Alternatively, blue arrow. May go to the Moron Zone first (yellow)

KevinT

Nice bounce. Candle spiked through the upper edge, but didn't manage to break. Instutionals/Big Banks are trying to sell by lurking buyer in to the markt and kicking out the short stops. RSI and Stochs fatigue. Risk reverse players can wait for Fisher confirmation.

KevinT

Support area reached. Some indicators are in the over extend area.

KevinT

-Break of channel -Indicators bullish

KevinT

-Typical reversal formation (last 2 candles) -Resistance line holds (red) -Fibo line holds -Descending resistance holds (blue)

KevinT

Need to breah the blue line for bearish confirmation

KevinT

-Candle formations are suggesting downward pressure -Indicators are getting fatigue -Price can rebounded under 5,10 and 20 MA

KevinT

Apart from Price Action and indicator confirmation, the last 2 candles show a Bullish Harami. To my experience, this formation doesn't necessarily means a long term trend change. But it does predict a change. Harami is quite trustworthy formation. With the confirmation of part 1,2 and 3, I can say LONGGGGGGGGGGGGGGG!!!!!!!!!!! For more info about Harami candle...

KevinT

Zooming into 4h, you can see a false break of the channel and indicators turning bullish.

KevinT

Risk adverse traders can wait for the indicators to turn. Risk takers can enter long if Monday is bullish.

KevinT

Weekly downward trendline hit.

KevinT

Bull flag it is. Wait for the indicators to settle down south for long entry.

KevinT

Make or break...

KevinT

Needs to break for more bull run

KevinT

-Fibo and descending resistance hit -Indicators bearish -Heiken-Ashi-Atari-Sushi down trend :P -2 red lines may be the first support -Target is lower channel @ 1.28xx

KevinT

test

KevinT

Still need confirmation of breaking the lower Fibo to enter long term short position. In the mean time, scalp that beast. But use common sense as this is an extreem volatile pair!

KevinT

Support resistance hit Spiky moves means sellers start to get in the game. BUT: 3 out of 4 indicators are bullish. Carefull shorting. Watch out for the break of the highlight blue line.