Taken based on a few factors. Intitia l: broke the quarter line , exhausted and came back down retraced a bit to from a lower high www.dropbox.com Second : Possible 123 pattern formation on 4hr www.dropbox.com
This one isn't in the series a quick one i spotted before closing down. Taken based on trend from previous quarter point at 0.90000, estimating it to run to next quarter point at 0.87500. See link below to mt4 entry www.dropbox.com
Short Taken based on 123 pattern. www.dropbox.com
I think its looking to go back to that big demand zone before a big move up.. lets see
Been making higher highs and higher lows. Should move further up towards greater supply area.
Within supply zone and also bounced..may still go further towards peek and retrace to demand area, hence stop loss is placed above the peek supply point and take profit at demand zone.
Reached a level of demand, rebound expected before further move down.
Might drop further into demand zone, will go long after bounce.
Overall Head and shoulder pattern. Peaked and got rejected at the 1.435 level. Looking for a dive to complete the head and shoulder pattern.
Retracement looking to test major support.