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Trendlines 0 replies

Too many drawn Trendlines all same look: how to draw Trendlines with different look? 2 replies

Trendlines 1 reply

Trendlines 1 reply

Trendlines 3 replies

Circular Trendlines

Triangulation has always been amongst the very tricky areas where motion will gain momentum for a drop, and cause confusing swings before committing itself to one direction.

Continuation of the tendency where a certain support will be broken is met by a rebound in a the opposite direction.

Such seems to be the case with the EUR. The low of 3690-3720 could be another grounds for a rebound again to the 3800 zone. Its strongly suggested that to leave and wait for this rebound to happen first before going short again. You also have another option of collecting your profit at the lows of 3700 and then putting pending order for a sell below 3680 level, because below that level we will dip lower to the midst of 3550, but if it doesnt go to 3680, then we will start upward movement again to 3800
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  • samirb
    Joined Nov 2009
Quoting samirb
Good day to you

possible diamond formation

Keep up the good work
will close at trendline and expecting bounce

Good luck in your trades
Attached Image (click to enlarge)
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  • samirb
    Joined Nov 2009
Quoting samirb
will close at trendline and expecting bounce

Good luck in your trades

Good day to you

as expected, will close long at trendline

Good luck in your trades
Attached Image
If you are short from the 3800 zone, keep your short positions, we will be diving lower towards lows of 3600. Will post charts soon
A strong dive towards 3600 is beginning to take form. Right now concentration is to break the 3730 region decisively and make 3690 the resistance zone.

Quoting Kambooj
If you are short from the 3800 zone, keep your short positions, we will be diving lower towards lows of 3600. Will post charts soon
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Here is a different view...
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More downward approach towards the 5600 low will resume soon
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Here is a different view ....
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HERE we go for a different view...
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Motion downwards below 3680 seems to be very frustrating at the moment, curvature on the red and blue curves suggest a break upwards will take place and give us another shorting opportunity at 3730. Movement downwards requires a strong thrust right at 3680 if its to continue its journey downwards. If not, then we are going to 3730. A spike down is the only way to get out of the squeeze of the blue and red curves.

Quoting Kambooj
HERE we go for a different view...
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3730 is the optimum place to short for a good profit,

However the blue circle is another interim resistance, that if proven to be strong enough then we wont see 3730 and we will be heading down towards its center (target #1) which is 3620 region and 3510 (target #2).

The movement downwards has to be a spike if it ever happens.

Other strategies at this point include pending order for a short at 3680

Quoting Kambooj
Motion downwards below 3680 seems to be very frustrating at the moment, curvature on the red and blue curves suggest a break upwards will take place and give us another shorting opportunity at 3730. Movement downwards requires a strong thrust right at 3680 if its to continue its journey downwards. If not, then we are going to 3730. A spike down is the only way to get out of the squeeze of the blue and red curves.
Attached Image (click to enlarge)
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  • samirb
    Joined Nov 2009
Quoting Kambooj
More downward approach towards the 5600 low will resume soon

Good day to you

Possible scenario

Good luck in your trades
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  • samirb
    Joined Nov 2009
Quoting samirb
Good day to you

Possible scenario

Good luck in your trades
Approaching my target
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H1
Another attempt to the 3910-3935 will be made. This upward movement of the EUR will be temporary, since the daily candle is missing a huge dip downwards, anywhere within the vicinity of 3850-3950 region is a high sell zone. Recommendation is still to sell at a any resistance

M30
The 3920-3930 region is looking to be where the rebound downwards is going to occur. Either of the solid red or blue straight trendline will slow down the advance upwards.
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Here is the view for this pair. Everything points to a very close proximity to a sell zone at 5970 region
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Here is a different projection of a turn around region around the vicinity of 3910 given the current market situation...
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  • samirb
    Joined Nov 2009
Quoting samirb
Approaching my target
closed long here and gone short at 1.5940


Dont trade the GBP, but I am short on the EUR/USD

Best Wishes
Quoting samirb
closed long here and gone short at 1.5940
Here is another view, a drop to 3810
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EUR follows the same direction as Dow Jones and S&P500 most of the time. The diagram below is showing a maximum being reached for the Dow Jones. A rebound should happen soon, and the size of this rebound downwards is huge, at least to the 11300 region, but the 10,000 region is another high probability region. S&P500 and Dow Jones share similar looks.
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