Circular Trendlines

Daily
The blue circle is a important resistance/support level, and the red circle has held its resistance spot along its outer edge very strongly. The last attempt of this pair to break through the red circle was at 4527 which failed as well. The center of the blue circle is where movement is targeting and is a area that once it gets approached and broken, then there is very little support between 3750/3850 and lower levels. The first strong support level is around 3200. This implies that the 38.2 fibonacci retracement of the move from 1800 to 4900 which falls at 3850 is a very important level that will put EUR on a full bearish mode till a minimum of 3000/3200 region. In the worst case scenario if the center of the blue circle is breached, then we could also have the possibility of a perimeter to perimeter move to the 2600 level too.

H4
The opposite perimeter region of the blue circle,and the center of the red circle along with the solid black straight trendline intersect relatively in the same region, which is 3750/3800 region. This will be the destination of the EUR on this time frame, once 4050 gets broken.

H1
The perimeter of the black circle has been used for support and resistance. Movement has showed a slight reaction at the center of the black circle, as it dropped from 4433, but its also at a strong trendline (red one) which it would find it difficult to penetrate decisively in the upward direction. This circle is the most important circle on all time frames which is dictating unfinished motion that has to end up at the opposite perimeter of the circle around 4050. Chances are high that if the south pole of the black circle gets broken then the blue trendline will be reached. Thats around the 3950 region.

M5
We are right now at the 38.2 fibonacci retracement of the move from 4403-4130. We also have the pole of the red circle broken. This however could be a false break as long as the movement does not go beyond the pole of the blue circle. On the other hand the pole of the blue circle is also close to the blue straight trendline, which is acting as a median line as well. This is a double reinforcement for the resistance at 4260 zone, making it a harder zone to break.
If this area breaks upwards and the break is strong. it can be the grounds for further agitation 4300 and 4400 again. This will alter the shape of our M30 time frame and the analysis that went with it, and in such a event its best to wait before going short again or try a pending order at the lower end of the movement. On the other hand a dip below the red curve will set the stage for further lows to 4050

M5
The trendlines for the upmovement, indicate a possible upward movement to 4323 before any reaction downwards happpens. This level also corresponds to the 61.8 fibonacci level of the drop from 4400 to 4127. Overall we are on a sell on higher time frames, and its advicable to go for a sell.

Since market is moving very little right now strong sell spots would not reveal themselves until some more time has passed.

H1
Price Action is preparing for a strong move downwards to break the 4050 level. This is the first phase of the move towards 3850. Because a attempt is being made to break the south pole of the black circle, the movement downwards will have considerable power to it. A maximum high of 4290 could be reached before the decend downwards.

M15
Because of a strong trendline on the H1 diagram, the chance of a upward movement remains slim, but if it happens its to the 4290 region, and then its a sell at that level. For now the dip downwards will go as far as 4020 region.

M1
This time frame points to a high of 4260, which still can be accepted as a false break of the solid striaght trendline on the H1 time frame. A sell at 4260 will be quite a promising order for a target of 4050

4070 by tomorrow that what I'm looking for
C U Tomorrow

Can drew circle @ 4260 this point will b important for while
in my 1h ,4h ,daily

Ok, I will, but it would be a bit later, around 4 hours from now. Its better that time, since its close to the openning of the EUR session.

From what I can see right now is that we should be seeing 4130 again. If 4130 breaks, then we are in for 4070 and beyond. Howerver at 4130 I can see a spike happening again to 4280, and that would be a dying attempt to sustain a bull scenario.

If 4130 gets a rebound to 4180, then we can go 100 pips higher before going down again.

But things will become more clear before the openning of the EUR session

Excellent work brother
That my Plan for tomorrow
I said before and again u r one of top 10 traders in know on FF

I dont talk about this very much, and maybe the subject belongs to a different thread altogether, but I will mention it here, because the EUR is at a important turning point right now.

I have a chart of the EUR which I am working on, showing moon cycles and market high/lows. New Moons are usually associated with Market Highs, and Full Moons are usually associated with market lows.

You can check the date of the full moon for the past 3 months and tell me if I am wrong.

Full moon is August 13th.

The following observation has been made:

One or 2 days before,

OR

One or 2 day after

the date of the full moon, a market low happens.

For my own personal trading, the moon cycles is something I pay a lot of attention to. I have found that the Full moon and the New Moon are usually the most clear of the 4 moon cycles that exhibit a relatively consistent behaviour.

The other 2 moon cycles sometimes work and sometimes dont, they also create what I call "Circular References". That means market will move one way and the next week after will come to exactly the same spot that it started.

Anyhow, my point is that the probability that a market low will happen in the next few days is high.

Good Luck

Currently there are 2 high probability Sell Regions. One is at 4236 and one is at 4265. One or the other point could be a turning region for a thrust that will go as low as 4130 and in a extreme case it will go to 3970.

Will keep an eye on these 2 spots for the next 2-3 hours to see which one will act as resistance spot more than the other.

The 4265 region seems to be the most promising sell position that is about to present itself.

The probability of a perimeter to perimeter move is increasing, and since its a pole to pole move, one of the poles has to given in. This would be the south pole of the circle, meaning that the down thrust has sufficient potential energy to break it.


A sell position is highly recomended at this level.

We do our best and @ The end market put his word!
Okay, same view better entry next week
sell [email protected] target 1.4070 "That my view and how i read my own chart for next week and as always i could b wrong but i swim my own race "
Enjoy the weekend

is that ok?just start learning circular trendlines

I have difficulty with attachment uploading, but here is my take:


Daily
The recent upward thrust of the EUR can only be considered a switch in trend if the 4550 barrier gets broken. On the daily time frame this is against a very strong circle, going for the break of the pole,
ie the red circle in the following post on daily time frame:
http://www.forexfactory.com/showthre...50#post4852550
This would be hard attempt to make considering that in the past price action was not able to penetrate this circle going from its weakest spot. So going upwards now and trying to break through the strongest part of the circle would require a very strong push. Whether the thrust that started from 4260 will be able to do this is still questionable. For now we are on a sell on this time frame, but the best strategy is to wait for 4550-4580 to see what happens. Currently remaining neutral is the best strategy and waiting for a bit more time to pass

H4
The rise from 4260 on August 15th, can only cause the EUR to go to full bullish mode if it severely breaks the blue circle and finds support inside it. This blue circle has been quite a powerfull resistance in the past, and motion wont be able to sustain upward movment if it doesnt go beyond the boundaries of the red circle as well. For now we have a good bearish setup on this time frame, that has the intention of breaking the pole of the black circle.

M5
If motion dips below the solid red trendline we are going further down with a high degree of chance of breaking the 4260 support level.

M1
A maximum upward move to 4420-4430 is possible on this time frame. However the resistance shown by the blue circle can set the stage for a drop to 4220

Here is another view...