Circular Trendlines

A stronger sell is the overall outlook for this pair, down to 3400.

Here are the details:

Sell Region approaching for the EUR >> Region is the 3670-3680 region

Secondary sell spot is at 3640 region. The primary sell spot is at 3670-3680 region

Here is another look at the situation...

A big drop waiting to happen

The 3700 resistance in the above post is located at a "Off The Pole" location on the blue circle. This resistance "Should Be" easily broken, given the location that its targeting is a off pole location, on the blue curve.

But its not being broken,

Meaning that movement upward, does not have enough power to break it.

If its for lack of power or the limits of a upward move,

At a minimum

We need a drop to 3450.

At 3450 it can generate sufficient momentum to go upward again, if and only if it decides to do so.

For now we are at a tough resistance that will push movement more down.

H2
Due to a strong break of the red circle where resistance was being shown at the 3650 zone, and the fact of the matter that we are still within a sell zone on the daily time frame as denoted by the red circle on the daily time frame chart, and other points shown, further trades will be put on hold momentarily until clarity emerges. There are important fibonacci relationships at this level also which need to be seen whether price action is respecting it or not.

3824 is the 127.2% Retracement of 3679 to 3145
3846 is the 50% retracement of 4550 to 3145
3817 is the 176.4% Price Extension of 3143 to 3525
3829 is the 138.2% Price Extension of 3354 to 3698

my brother...so wait for a better ...? ok...

I rather wait till at least 2:00 PM today when the important news is coming out.

Starting 1:00-1:30 PM the move begins to start, and reveal itself more as to where its heading

my mt4 (FXOPEN) broken...look period separators...oh my GOD...
so I can not use pivot...what is this ??

daily. i am shorted 3816. TP 3520. SL 3845

I believe you are on the right track.

I have few shorts that I am hanging on to from the 3600 zone, and have shorted few more at 3800. Both spots in my opinion are high probability shorting zone on the daily chart. 200 pips variation on the daily chart for a sell zone is pretty normal.

The target I see at the moment is at least 3400, but still waiting for more confirmation to add few more lots where its appropriate.

I keep my stoplosses fairly wide and that gives me time to think over few days if I choose the wrong direction or the right direction in the wrong place.

Currently I am looking for a fair size drop on the hourly chart, need to be at least coming to 3680 to go with additional lots.

H1
The break of the blue circle on 12th of october was a important point to note as far as the desire of this pair to move furhter up. However there is a secondary band of resistance as denoted by the red circle which contains enough points between the 10th and 21st of September to make it a secondary zone for motion to make an effort to go further up. Given that the upward trendline, denoted by the dotted black line has been broken, we can expect a drop happening soon that will either slide down the outside perimeter of the blue circle or penetrate the blue circle towards the green solid curve. In both scenarios the 3400-3450 zone is the prime target for any possible upward movement to start its journey.

To be noted in regards to the movement that is said to start from 3400-3450 region. This movement will not be as strong as the move upwards from 3150, and it will only at the maximum go to the perimeter of the red circle which is around 3650-3700.

Overall direction is downwards, and the move mentioned upwards will not be a move that will go beyond the high of 3830, nor does it mean that there is trend change happening on the daily time frame.

The main direction of the price action is, as mentioned in the following post on the monthly chart towards the 2200-2700 zone:

http://www.forexfactory.com/showthre...75#post5028575

For now we are beginning to switch direction and a short position at anywhere within the 3730-3750 zone is desirable.

Drop increasing in momentum...

Somebody asked me how is the proper way to draw a circle, and I am sharing whatever methods I am using in posts that I see look like good examples.

Here is one:

This pair is going down to first target of the lows of 5500, where the support seems to be strong enough to give it a rebound, but if 5500 breaks then the 5350/5400 is the second support area

Here is a different Example...

If we go beyond 3790, we will be ending up at 3900. Will post charts soon

Here is the chart...

Complete Reversal at 3900 to 3350 and beyond if we continue hovering at 3767-3780 zone and wont drop lower.

many people see the thread here ... why should hide myself ...? Invisible
I know my brother kambooj writing a lot of truth ...

The blue curve is slowly beginning to change the angle of attack of the upward motion and making the movment slow down.

Expecting a round top to become sooner or later visible, and there will be rangebound motion between 3800 and 3900 for few days.

The place where the motion is stuck is at the grey zone, or "Slow Down Zone" of several circles and basically anything can happen.

It can hover in that zone in range bound motion without making a curved top and shoot higher,

OR

it can hover in that zone for a while and make a curved top and dip lower.

for now it makes it unsafe to go for any trade until clarity emerges either way. In the event of a downward switch be prepared to see a head and shoulder formation as depicted in the diagram.