$AUDUSD 20 September 2012

Here is the 4-hour chart of AUDUSD. Just like last week, everybody was watching/talking about the daily pin bar, now we are presented with a obvious Head and Shoulder formation� in H4 chart.� I like the fact that 1.04 support is now broken, I am looking at further downside.

Here is the …. CHART.

AUDUSD H4 Pontential Head and shoulder formation

$EURGBP 05 Nov 2010

Here is what I see in $EURGBP.  I am looking at the potential head and shoulder formation. Let’s see how it works out.

[tab: Setup]

Here is the CHART! (click on the chart to magnify)

$EURGBP Head & Shoulder

[tab: Update]

EURGBP did not follow through, and it failed to reach the level to form H&S. No trade was taken.

EURBGP update

Is it time now? $USDJPY 04 Oct 2010

Here is the 240-min chart of USDJPY that I am looking at. Do you see the pattern here?

Here is the chart.

USDJPY Head and Shoulder