EURUSD WEEKLY TF

[Karma]

EURUSD has been in a downtrend and has 3 price support zones coming soon

from 1.0342- 1.2557 it held support at 11188-11200 zone(62%), it has breached this zone now it goes to the next lower one at
1.0990 (71%), there are 2 price calculations C=A @ 1.1036(62%)green on chart & C=A @ 1.0975(100%) red on chart, probable turning price zone

break below here then next price support zone = 1.0816 where [email protected] green on chart & C=A @ 1.0811(127%) red on chart also probable turning zone, break below here then next price zone = 1.0594(89%), where C=A @ 1.0553(100%) green & C=A@ 1.0603(162%) another probable turning point.

many have heard of harmonic shark pattern and a bat pattern:

Shark= X=1.0342,A=1.2094, B=1.1554, C=1.2554, D= 1.0594(89%)
Bat= X=1.0342, A=1.2554, B= 1.1299, C= 1.1816 D= 1.0594(89%)

Both these patterns have an extension where D= 113% of XA

See attached charts and you decide what works for you.

[vlad]

i agree with this idea; ofcourse price doesnt fall in straight line; so u need to sell the rallies

but the funny thing is anil margin traders have missed the great short for last 1 month for they are constantly trying to buy and looking to buy; its hilarious.

same is the case for gold short and silver short

its funny reverse trading anil and anil's traders.

even yesterday as euro was dumping and was nearing double bottom; anil traders were looking to buy; instead of breaking down the low with impulse move down

funny group with funny fantasy lines

[Karma]

Eurusd on a 1 HR TF has a couple of patterns forming, price at 38% resistance level = 11240, break above here then 11280-11300-11310, should prices breakout above 11320 then 11350-11380 next resistance zone and also where A cypher completes.

Caution required as Fomc in play today, expect volatility and be cautious.

[Karma]

EURUSD like clockwork , now he big move up quite possible but still corrective.

There are alot of variables too the upside can stall between 38%-62% =11190-11240 then continue lower or keep on climbing higher

volatility there for now

[fxMarshal]

Karma in the house!
really fast 50 pips
...
and let fix 3/4

[Karma]

Pavel, good to see you

posting such things in Anils TR would be impossible, but it works when you know what you are doing

[vlad]

EURUSD like clockwork , now he big move up quite possible but still corrective.

There are alot of variables too the upside can stall between 38%-62% =11190-11240 then continue lower or keep on climbing higher

volatility there for now

i dont agree with this; i aint buying euro yet

[fxMarshal]

EURUSD like clockwork ,
volatility there for now

i dont agree with this; i aint buying euro yet

Up or down. What matters, The Volatility is what we need

[oldmate]

I'm short EURUSD and will continue doing so until I can SEE that price is reversing, don't ever assume guys, you'll be doing what all traders do and end up like Anil.

Target is weekly demand zone, but could go past this level too.

https://www.tradingview.com/x/UQGLz82H/

[vlad]

I'm short EURUSD and will continue doing so until I can SEE that price is reversing, don't ever assume guys, you'll be doing what all traders do and end up like Anil.

Target is weekly demand zone, but could go past this level too.

https://www.tradingview.com/x/UQGLz82H/

good chart

[Karma]

EURUSD is still range bound with upside resistance between 11250-11306 in the short term , however should prices fail between 11250-11280 then expected deep consolidation back to about 11200-11180 or a continuation of the down move to retest 11113 or even lower as per weekly price projection.

However should the price exceed above 11280 then expect 11300-11330 or even upto 11380. This is how I see the price developing which can change.

[oldmate]

Karma,

How do you determine your support/resistance areas? Is it in confluence with fib retracements or something?

[Karma]

Karma,

How do you determine your support/resistance areas? Is it in confluence with fib retracements or something?

I look at how the structure, waves develop and where the support and resistance zones using fibs, also where the price is expected.

[oldmate]

Karma,

How do you determine your support/resistance areas? Is it in confluence with fib retracements or something?

I look at how the structure, waves develop and where the support and resistance zones using fibs, also where the price is expected.

I'm not a big fan of fibs except the 61.8. When you have every fib level on you're bound to hit something, so how do you make sure that the fib level is reliable?

[Karma]

price confluence, price correlation, techincal indicators, wave counts,etc... not easy

[Karma]

have to be objective as nothing is set in stone and count will change when price is right and the correct criteria have been met

[fxMarshal]

Karma,

How do you determine your support/resistance areas? Is it in confluence with fib retracements or something?

I look at how the structure, waves develop and where the support and resistance zones using fibs, also where the price is expected.

Oldmate,
Karma is next level !

Simple Guys like me. for example,
just meditate on Karma's EURUSD charts,


And of course look for correlation of my own vision at the extremums predicted by Karma.
do not enlarge my ususal lot size but feel more comfortable


PS
Fibs are extensions

[vlad]

vlad is still short eurusd and gold

[Karma]

EURUSD tagged 1st price zone at 11252, divergences still in play it ain't over next pricezone= 11275-11306.

expect consolidation support zone = 11200-11190. Breach below 11190= 11175-11160.

https://invst.ly/aqzo9

[Karma]

EURUSD is in a complex setup and tested the double top price of 11266, internal count suggests 1 more move to the upside but cannot rule consolidation at current price zone 11200-11170, above 11250-11270 then expect 11300-11330.

Break below 11170 then expect 11140-11130, break below 11130 then much lower

[vlad]

EURUSD is going to do a great fall now

[Karma]

Since my last post EU tested 11130 and broke below to 11108, thereafter straight back up to 11200= 62% consolidation zone of 11265-11108, when one looks at this price reaction double top at 11265-64 then double bottom 11113-11108 , price reaction to 62%=11200 then what more upside or downside.

Prices consolidation between 11170-11150-11130 support zone, break below 11130 then expected lower prices below 11108.

Breakout above 11200 = 11230-11260, 11290-11310 resistance zones.

Once 11265 is breached to the upside expect 11310-11340 resistance zone, however this would not imply upside is in progress as prices could be consolidating between 11450-11100 for a break in either direction, 11320-11380 upside resistance.

[Karma]

EU on the daily structure formation, price break required above 11200-11230 & 11265 for higher price zones.

This is an expectation not the outcome.

I will not be labeling all my charts as it takes time therefore to learn and follow what is happening one needs to do some work

[vlad]

EU on the daily structure formation, price break required above 11200-11230 & 11265 for higher price zones.

This is an expectation not the outcome.

I will not be labeling all my charts as it takes time therefore to learn and follow what is happening one needs to do some work

no buying until 1.105; for me that is

[oldmate]

EU on the daily structure formation, price break required above 11200-11230 & 11265 for higher price zones.

This is an expectation not the outcome.

I will not be labeling all my charts as it takes time therefore to learn and follow what is happening one needs to do some work

no buying until 1.105; for me that is

Weekly demand zone starts at 1.1015. No longs for me either.

https://www.tradingview.com/x/z4S5UhIg/

[Karma]

EURUSD tagged 11110 at 11106 then moved higher to test upside resistance 11320-11360 @ 11349, price from 11450 has been in 3 waves and this in not implusive rather corrective and complex... EURUSD is on a downward spiral where a break below 11100 will target 11000 or up to 10800.

Below 11100= 11000-10800, above 11349= 11450-11550 and higher.
From 11349 price could form 3/5 waves to the downside = 11000-10800