The situation with the 2 Hour chart is the most interesting out of all 3 scenarios.
The solid red circle is the current path of motion. The goal of this pair is to use the Solid Red or the Shifted Dotted Red circle to provide a thrust that will go as high as 4750 or 4850, where the blue circles are located.
The distance between the touch points on the perimeter of the blue circle will be either equal or roughly around 2/3 of each other.
So that means that the blue circles will take some time before they are touched.
Now the area close to the North Pole of the upper Black Circle has provided a solid thrust downwards of 320 pips. So its a very solid region and hard to penetrate.
If the EUR wants to go towards the blue circle, going one more time through the black circle is even harder now, because it has to thrust right underneath the south pole of that circle and go through it. Too much work to do.
So the EUR will choose a alternate path. It will go enough upwards around 4340 to provide a thrust that will break the solid red circle, and go to the region of intersection where the lower black curve and dotted green and red curve are located.
The EUR right now has moved away from the south pole of the solid red circle, that means the region that it is right now is not that strong. So if it goes up again a bit, and hammer downwards, it can break it.
This is the Hat trick that the pair will play for now.
M15
Here we can see that the region between the blue and black circles has held motion very well. The blue circle will be hard to penetrate upwards from the inside of it, so motion will rebound downwards from 4340. We now have 2 choices:
Buy at 4230 region for a target of 4340 or
Sell at 4340 region for a bigger target.
Right now the pair is upwards going towards 4340, and the risk of downward motion is not as much. Current suggestion is to buy at the lows of 4200 and sell at the lows of 4300
Sorry for the quick judgement on your statement this morning.
But YES, you are correct, and there is a very good sell coming up.
I just didnt have time to check it in the morning, but now I see that its a very high probability Sell area.
Next time I be more carefull not to make quick Judgements.
Thanks
Ignored
No problem. I am just trying to add another prespective that could support the circle TL's and also provide some insights from my style that may provide good trading oppurtunities if the circle TL method is in agreement.
I like the possible buy around 4200 area, if it gets down there, for the move up to the eventual sell point you stated- 4300-4340.
Also looks like a U/CHF long area from here. Which may support the drop to 4200 area on EU as U/CHF and EU usually move opposite to each other. Lets see.
The EUR will be spending some time in between 4180 and 4350-4400 for some time.
The movement in the blue circle is form Perimeter To Center, and then from Center To Perimeter, and then again from Peirmeter to Perimeter. So prepare for a buy at 4150 region.
The Up move doesnt necessarily have to go all the way to 4475. It can go back again towards the perimeter region in the Grey zone. So 4375 could also be the ending of the up move for now. But at the moment I cant see very much further down below the blue curve.
The EUR will be spending some time in between 4180 and 4350-4400 for some time.
The movement in the blue circle is form Perimeter To Center, and then from Center To Perimeter, and then again from Peirmeter to Perimeter. So prepare for a buy at 4150 region.
The EUR will be spending some time in between 4180 and 4350-4400 for some time.
The movement in the blue circle is form Perimeter To Center, and then from Center To Perimeter, and then again from Peirmeter to Perimeter. So prepare for a buy at 4150 region.
Ignored
So would this also fall under your look at 10:15 to 12:00 PM EST? Right now the price is falling and approaching the bottom of the circle and you are predicting a big bounce up which would be in the opposite direction for the traffic traveling now.
The EUR will be spending some time in between 4180 and 4350-4400 for some time.
The movement in the blue circle is form Perimeter To Center, and then from Center To Perimeter, and then again from Peirmeter to Perimeter. So prepare for a buy at 4150 region.
Ignored
I suppose depends on my view it will close under 4160
Maybe as i said before 4040 to 4075
we will C
The moves that happen where motion moves from perimeter to Center and vice versa, need to searched for after a lot of other curves are drawn, and the conclusions made there become foggy. Its at these times that is best to look for these types of moves.
They do not be come apparent very quickly, but here is another example, very similar to what we are facing now.
