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Circular Trendlines

  • #1,501
  • Jan 20, 2012 8:30am Jan 20, 2012 8:30am
I believe it will go higher and break that level, all the way to 14000

Its not maxed out, the last wave from 10420 has quite a bit left in it.

I will post one for DJIA later in the day as well.

Right now trying to figure out what this EUR will be doing. Almost close to 3000 level, and 4H, Daily pointing to bullish scenario, weekly also turning a bit toward bullishness.

Will post charts for the EUR towards 10:15 - 10:30 Time.

Currently I am looking for a dip down to 2870 region, but lower time frames are not jiving with a dip, have to wait a bit to see what happens before I post my charts up.

Quoting blitter
see ellipses/circles? . thank you.

btw: Kambooj gr8 calls as always. GW m8!
  • #1,502
  • Jan 20, 2012 9:09am Jan 20, 2012 9:09am
Here is the view, upward momentum will continue through to the 3000 level and then somewhere around 3000-3050 we will have a reversal. But its up for now.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M30.jpg Size: 136 KB
  • #1,503
  • Jan 20, 2012 9:39am Jan 20, 2012 9:39am
If the EUR does not have the sustenance to break through the blue and red circles it will drop to 2900, before choosing another alternate path to go upwards.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 110 KB
  • #1,504
  • Jan 23, 2012 9:23am Jan 23, 2012 9:23am
EUR will still climb upwards to 3060-3080 region before making a slight retracement back to 3020.

Higher time frames point to 3350 - 3400 level. Will post charts soon for them as well.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.jpg Size: 117 KB
  • #1,505
  • Edited 9:46am Jan 23, 2012 9:32am | Edited 9:46am
Here is price projection of the upmove which will go as far as the highs of 3300 / Lows of 3400, but there is a retracement waiting at the 3060 - 3080 level, and depending on its size, we could be going higher from a lower price level again to break through 3150-3200 level. But for now trend is bullish
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H8.jpg Size: 119 KB
  • #1,506
  • Jan 23, 2012 9:39am Jan 23, 2012 9:39am
Here is the 1 minute view:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 113 KB
  • #1,507
  • Jan 23, 2012 9:48am Jan 23, 2012 9:48am
even though i took this short on anotehr reason - i think the circulars are at resistance.

may reach higher - but my cycles are tellling me to go short today.

also we have supply at current levels so - its low risk for me.
Attached Image (click to enlarge)
Click to Enlarge Name: target inshallah.gif Size: 18 KB
Have I got something on my face, SOLDIER?
  • #1,508
  • Jan 23, 2012 9:59am Jan 23, 2012 9:59am
There was a mention earlier in one of the posts dated on Jan 5th of a possible bounce from the red line on the weekly chart:

http://www.forexfactory.com/showthre...54#post5271854

This bounce has occured and for the most part depending on how you draw and play around with the red and black circles, a region between 3380 and 3500 come into play that could be the target of the EUR before dropping lower.

Price will toggle between the highs of 3300 and 2800 for a while before dropping down from the perimeter of the red circle and hitting 2000 - 2200 levels
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Weekly.jpg Size: 134 KB
  • #1,509
  • Jan 23, 2012 10:07am Jan 23, 2012 10:07am
Close to the blue line median line on the M15 Chart :

http://www.forexfactory.com/showthre...80#post5318780

You can try a short position, but if we keep on staying at that level for some time, then support will be formed and we could have spikes from there up.

But best is to try this short position after 11:30 AM EST or close to the closing of today to see how it goes.

The way I see it is that it will get to 3060 and maybe 3080, but then it will drop and use the outer perimeter of the black circle on my M15 chart above to find support, which in that case we are looking at higher up towards 3150

Quoting bumapatria
even though i took this short on anotehr reason - i think the circulars are at resistance.

may reach higher - but my cycles are tellling me to go short today.

also we have supply at current levels so - its low risk for me.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.jpg Size: 107 KB
  • #1,510
  • Jan 23, 2012 10:10am Jan 23, 2012 10:10am
Quoting Kambooj
Close to the blue line median line on the M15 Chart :

http://www.forexfactory.com/showthre...80#post5318780

You can try a short position, but if we keep on staying at that level for some time, then support will be formed and we could have spikes from there up.

But best is to try this short position after 11:30 AM EST or close to the closing of today to see how it goes.

The way I see it is that it will get to 3060 and maybe 3080, but then it will drop and use the outer perimeter of the black circle on my M15 chart above...
the center of a circle usually provides most support/resistance values to them - so id like to see a good bounce south from urs LOL....
Have I got something on my face, SOLDIER?
  • #1,511
  • Jan 23, 2012 10:16am Jan 23, 2012 10:16am
Yes we will have to wait and see,

its just the way its hesitating and moving slowly upwards is causing me to think that after all we might not have a strong bounce down from that level.

But you are right and we could have your scenario too.

Hard to tell now.

Quoting bumapatria
the center of a circle usually provides most support/resistance values to them - so id like to see a good bounce south from urs LOL....
  • #1,512
  • Jan 24, 2012 9:23am Jan 24, 2012 9:23am
Here is the view...

Temporary visit to the 2990-3000 level by another series of drops happening soon towards 2890-2920 level
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 138 KB
Click to Enlarge Name: EURUSD_M5.jpg Size: 116 KB
  • #1,513
  • Jan 24, 2012 9:13pm Jan 24, 2012 9:13pm
If EUR is to continue its upward motion, there is a great deal of energy required to break through the horizontal line shown and reach 3150. This has to be in the form of a strong thrust upwards hitting the T1 trendline on the hourly chart.

However the M5 chart has a interesting setting showing a relative resistance being formed in the vicinity of the center of the circle. If motion drops below the center of the shown circle, we will have a drop to the lows of 2900.

Also note that such a drop will put the EUR at the 38.2 fibonacci retracement of the entire rise from 2630 level to 3060 and will create a better opportunity for a rise that will go to 3200.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 123 KB
Click to Enlarge Name: EURUSD_M5.jpg Size: 99 KB
  • #1,514
  • Jan 25, 2012 9:20am Jan 25, 2012 9:20am
Sell within the 2980-3000 level seems to be the ideal trading position at the moment
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 110 KB
  • #1,515
  • Jan 27, 2012 8:45am Jan 27, 2012 8:45am
Daily
Depending on how the solid black circle (circle #1) and the dotted circle are drawn, we can have any price level between 3200 and 3400 as a turn around level. 3421 is the 38.2 fib retracement of the entire drop from 4250 and 3429 is the 50% of the same drop. So either we are turning around at the 38.2 or the 50% level of the fibonacci retracement. The drop is gonna go to at least 2680 level or it might even extend to 2550 which is the 14.6 fibonacci price extension of the entire flat formation shown.

M15 pointing to a turn around zone within 3208-3234
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 125 KB
Click to Enlarge Name: EURUSD_M15.jpg Size: 115 KB
  • #1,516
  • Jan 29, 2012 10:05pm Jan 29, 2012 10:05pm
sharing experience s the best thing ever) thx a lot
  • #1,517
  • Jan 30, 2012 7:16am Jan 30, 2012 7:16am
The high of 3200 will maintain itself for the next few days, and a drop to the lows of 3000 / Highs of 2900 is in place. Current sentiment is a sell till 3000 afterwhich we will see a rise to 3500 again.

Its going to be a while before we go below 2600.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_H4.jpg Size: 129 KB
Click to Enlarge Name: EURUSD_M15.jpg Size: 102 KB
  • #1,518
  • Jan 31, 2012 8:39am Jan 31, 2012 8:39am
Here is the view from H1, Updating with lower time frames shortly...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1.jpg Size: 130 KB
  • #1,519
  • Jan 31, 2012 8:53am Jan 31, 2012 8:53am
Here is the view from M15 Chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M15.jpg Size: 109 KB
  • #1,520
  • Jan 31, 2012 9:03am Jan 31, 2012 9:03am
Here is the view from M1
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M1.jpg Size: 112 KB
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