Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Circular Trend-Waves 414 replies

How do I change the color of trendlines? 2 replies

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

Recommend an ebook on trendlines.... 10 replies

Short trendlines 7 replies

Attachments: Circular Trendlines
Exit Attachments

Circular Trendlines

EUR/USD Outlook

Buy opportunity anywhere from 3780-3815, with first target of 4030-4050 and final target of 4300
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H8.jpg Size: 200 KB
Hi kambooj , I have been busy for a while , I just saw ur posts about EURUSD . I think this time we are heading south , and the target is 1,3810s in the middle of april. But the trend will have lots of ups and downs in my perspective despite the little distance to the target. The main reason is the circular support (red circle just below the price) which will not let the bears run comfortabally. And the whole down trend from 3950s to 1,3610s will be just the inhale of the market. Later the exhale can carry us up to unbelievable levels. Anyway , just to cut it short , I am among the bears and being on the opposite side with you makes me curious .

Take care ...

http://img716.imageshack.us/img716/6108/4zat.png

Imagination rules the world ...
EUR/USD Outlook

A very likely possible 5th wave extension is in the making. They are one of the most treacherous and deceiving of all terminal impulse waves, in the fact that they often resemble turning around spots while hiding a surprise upward movement.

We are still awaiting a spike for the final turnaround, and we have not had it yet.

For now I am still bullish on this pair

The diagram below is a elliot wave perspective of the final move.
My wave A starts at 2745 on July 10 2013

Next few weeks will be interesting to see.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 167 KB
see this link and chart I posted....We may have a failed or truncated five.

http://www.forexfactory.com/showthre...69#post7372369

Could suggest we may have topped..... I know we all wanted 1.43, but this is my current outlook
Turning strongly bearish today. Can we really hope to wait for 1.43 before starting the selling, or would it be best to sell on a scale from 1.4 upwards?
Quoting needpips
see this link and chart I posted....We may have a failed or truncated five. http://www.forexfactory.com/showthre...69#post7372369 Could suggest we may have topped..... I know we all wanted 1.43, but this is my current outlook
Quoting Brassboy
Turning strongly bearish today. Can we really hope to wait for 1.43 before starting the selling, or would it be best to sell on a scale from 1.4 upwards?
EUR/USD Outlook
Needed to wait few more days before I reply to the above posts, but another the EUR/USD will be making another low at 3660 where a very good buy opportunity will be presented for a series of rises that will propel this pair to 4300 in the weeks to come.
The bounce off 3965 was not decisive enough to put this pair in a downtrend, and on the daily we hare having higher lows on a consistent basis. We could argue that we are in a terminal triangle situation on the daily chart, but from a behaviour perspective the rebound downwards is not resembling a breakout from a terminal triangle. So I have to still assume that we are in a series of retracements for a higher high. The lack of a decisive spike upwards on the daily chart is another reason for assuming that the trend has ended.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4.jpg Size: 138 KB
EUR/USD Outlook

Movement is upwards, just until its slightly short of 3900, next week we will hit 3900, but not yet. Chart below shows the buy zone, that is to be materialized again by end of this week or early next week. Currently if you are on a buy exit at 3850 to be on the safe side.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H8.jpg Size: 139 KB
EUR Update

Here is what I believe is happening:

We most probably have a contracting Running Triangle where it continuously is making higher lows and as its doing that its slowly and slowly narrowing the price gap at its top.

I am picking this formation primarily because the "a" wave in a contracting triangle is the strongest one and the most violent one.
In the below diagram the "a" wave does exhibit these characteristics.

The reaction upwards will be a strong C wave that will eventually find ample resistance at 4300.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Daily.jpg Size: 136 KB
EUR/USD Outlook

The movement has barely been able to penetrate through 3900, but for now a retracement will begin that will find support either at 3810 or 3750 at the max, because the thrust from 3670 has shown quite a lot of impulsive behaviour.

One of the primary behaviours is a 23.6 fibonacci retracement on the smaller subwaves on the rise from 3670.

For now the main buy region remains the lows of 3800 with the preparation of a strong thrust that will go to the 4050 level
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H8.jpg Size: 148 KB
Quoting Kambooj
EUR/USD Outlook The movement has barely been able to penetrate through 3900, but for now a retracement will begin that will find support either at 3810 or 3750 at the max, because the thrust from 3670 has shown quite a lot of impulsive behaviour. One of the primary behaviours is a 23.6 fibonacci retracement on the smaller subwaves on the rise from 3670. For now the main buy region remains the lows of 3800 with the preparation of a strong thrust that will go to the 4050 level {image}
I have 1.4070 area as well, but not sure if it will retrace to the 1.38 region before or after it moves to the 1.4070 area..... my take is it goes higher first then to around 1.38 region.....
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2014-04-12 at 9.01.59 PM.png Size: 128 KB
Quoting needpips
{image}
Thanks for sharing this diagram,

Right now 3750-3820 zone is a good place to buy for a thrust to go to at least, as you have mentioned, 4070.

here are my remarks on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2014-04-12 at 9.01.59 PM.png Size: 129 KB
Quoting Kambooj
EUR/USD Outlook The movement has barely been able to penetrate through 3900, but for now a retracement will begin that will find support either at 3810 or 3750 at the max, because the thrust from 3670 has shown quite a lot of impulsive behaviour. One of the primary behaviours is a 23.6 fibonacci retracement on the smaller subwaves on the rise from 3670. For now the main buy region remains the lows of 3800 with the preparation of a strong thrust that will go to the 4050 level {image}
Kambooj, great chart and analysis, good business as usual. Good to read your contrarian review on majors.

I also have a a mostly bullish view on EUR USD currently, however there is still opportunity for the EU bears to take it down.
Currently EUR USD is setting up for a major breakout, which should happen next 3-8 days. (range compression, low volatility).
Quoting ruffryders
{quote} Kambooj, great chart and analysis, good business as usual. Good to read your contrarian review on majors. I also have a a mostly bullish view on EUR USD currently, however there is still opportunity for the EU bears to take it down. Currently EUR USD is setting up for a major breakout, which should happen next 3-8 days. (range compression, low volatility).
Thanks for your comments on this thread,
I am in agreement with your view, and keeping an eye for the breakout.
All I can say at this point is to buy anywhere in between 3750 and 3820 for a good size breakout of at least 200-250 pips
Quoting Kambooj
{quote} Thanks for your comments on this thread, I am in agreement with your view, and keeping an eye for the breakout. All I can say at this point is to buy anywhere in between 3750 and 3820 for a good size breakout of at least 200-250 pips
Kambooj, maybe you can also post your review on GBP USD. I don't see much resistance until 7150-7250 on HTF charts.
Will hold for 7200 longer-term.
Quoting ruffryders
{quote} Kambooj, maybe you can also post your review on GBP USD. I don't see much resistance until 7150-7250 on HTF charts. Will hold for 7200 longer-term.
Will do it sometime tomorrow.
For now as you have mentioned we are just setting ourselves for a break upwards, as to when this break should be I suspect it would be within the next 24 hours or so.

From past experience Usually close to moon cycles the EUR movement starts to amplify a bit more. Today is the third quarter of the moon, we havent seen any significant moves so far, but should see something soon.

Will post charts later in the day, right now its too early to make a forecast.
EUR USD D1 update.


Looks like we are starting to see some reaction from TL + CIRCLE support confluence, EUR USD @ 3840, looks like we will get gap fill today and then off it goes for 4040.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 87 KB
Quoting needpips
see this link and chart I posted....We may have a failed or truncated five. http://www.forexfactory.com/showthre...69#post7372369 Could suggest we may have topped..... I know we all wanted 1.43, but this is my current outlook
4040 first and then quite possible 4200-4300 is ON on EUR USD now.
Quoting ruffryders
EUR USD D1 update. Looks like we are starting to see some reaction from TL + CIRCLE support confluence, EUR USD @ 3840, looks like we will get gap fill today and then off it goes for 4040. {image}

MMM Nice clear chart.. even I understand..
EUR/USD Outlook

Here is the current outlook with most probable behaviour being a rangebound motion within a rectangular region, before a breakout happens.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H8.jpg Size: 159 KB
0 traders viewing now