EuroMotif

EuroMotif Mod Updated 

PBOC Reference Rate was big surprise. Risk off mode engaged by the markets. Looking for two TP's, the 1.618 and 2.618 extensions of the initial impulse down.

EuroMotif Mod Updated 

Nice pop in Bitcoin Price. What's Next? Bear Market over? Bulls back in control? I don't know. But I do know what I am looking for. I have drawn fibs (extensions) to measure the current move. I found two impulses (initial push) that made ripples of perfect multiples. So where those ripples overlap will be the mostly like turning points. The current top...

EuroMotif Mod Updated 

These zones are calculated using Fibonacci Ratios of past price moves. Fib extensions and retracements are projected forward in time and price. If price bounces or reverses, it will probably do so at one of these zones. Some zones will match previous highs and lows, since Fibs are derived from the extremes. Some zones will not match anything previous, but they...

EuroMotif Mod Updated 

This is my periodic update of Support Resistance zones for this pair. USDCAD has been range bound, so there have been many fib clusters defined within. Thus the choppy price action, because many resonances have been set within the range. This will be a very interesting week for USD pairs in general, and UC in particular due to trade wars. General Info...

EuroMotif Mod Updated 

USDJPY short Idea: is UJ finally Topping? UJ has move up a lot recently. I have been watching each of the initial impulses that add to the momentum. Every impulse has results in perfect ripples of the .618 multiples. Now we have several of those impulses that lined up to give the last big push up. That last push resembles a ''blow off top'', and reach a...

EuroMotif Mod Updated 

This Chart: This is my periodic update of Support Resistance zones for this pair. See the ''Related Ideas'' links below for previous calculations. Only a few zones have changed since last post. Even the drastic moves have been mostly in rhythm with existing fibs. But some new zones were defined, and some were eliminated. General Info: These zones are...

EuroMotif Mod Updated 

USDJPY long scalp Idea: waiting for retrace on UJ This pair has moved up a LOT recently. Going long now is risky, but I think it has one more bounce left in it. Trade idea uses the Monthly and Weekly pivots as support. The ''Fib Zones'' (grey lines) mentioned above are form my periodic Support/Resistance analysis If you are not familiar with 'Pivots' or...

EuroMotif Mod Updated 

Looking to enter short after retrace, for a 2-3 day trade. Identified a zone based on Fib Confluence, and a logical area for the retrace to end and downtrend to resume. The live chart above shows the .618 Fib retracement of last leg down on 1h chart. It also shows a red 2.618 Fib Extension of impulse move down on 4h chart shown here: The grey Fib Zones shown in...

EuroMotif Mod Updated 

I was just perusing the AU weekly chart, and this rising wedge jumped out at me. So I drew a couple of lines and noticed: - Wedge bottom has 4 touches, plus a PERFECT Retest - Wedge top has 4 touches though not as perfect. - Start of drop from previous low is clear, so that is my flag pole. Thus I am picturing two possible targets: 1) Bottom of Wedge (previous...

EuroMotif Mod

GU short in play. Several Brexit ministers just resigned. PM May's future is in serious trouble, per many in the know. Brexit Blues just might make a come back here soon. So this a scalp to start, looking for the 4.25 extension of initial move down from the news. The 4.25 extension also aligns with previously established Fib Zone (grey). So my first TP will be...

EuroMotif Mod Updated 

These zones are calculated using Fibonacci Ratios of past price moves. Fib extensions and retracements are projected forward in time and price. If price bounces or reverses, it will probably do so at one of these zones. Check my previous ideas for the PRECISION of these zones. I will update as new zones are defined by upcoming Fibs.

EuroMotif Mod Updated 

Watching the retrace, to see what happens at the .618. The grey zones in above chart are from my Fibonacci Resonance analysis: Probably risky to short after so much of a drop, but I am thinking of this bigger picture:

EuroMotif Mod Updated 

Update from previous Zone calculation linked below in 'Related Ideas'. I left some of the recent Fib Extensions that were used to look for confluences. All of the recent moves look to be playing the same rhythm for last month (new fibs line up with old zones). Of note: the drops were hitting the .236 notes, while the climb was hitting .618 notes in a choppy...

EuroMotif Mod Updated 

Most zones have not changed since last post for BTC . Some of the zones near current price have changed. Here is my last analysis, which proved pretty accurate: These zones are calculated using Fibonacci Ratios of past price moves. Fib extensions and retracements are projected forward in time and price. If price bounces or reverses, it will probably do so at...

EuroMotif Mod Updated 

Shorts fired. This plan was originally posted 2 weeks ago on Jun 15th. I have taken several small scalps along since then, with some profits. My EU short position started in early April: The downtrend became much stronger than I expected, so am currently working this long term plan: Right we have German Politics in a bit of a chaos. Should be a good driving...

EuroMotif Mod Updated 

This pair has been trending up already. Fundamentals are really starting to kick in. Oil just took a spill, Trump is trumpeting. Looks like we are well into a Wave 3. Wave 3's tend to be the most vertical. After w3, expecting a shallow w4 (due to deep w2) Fibonacci Ratios are being noticed by the price. Playing the 618 notes with overtones to full notes. Notice...

EuroMotif Mod Updated 

Updated from my last Zones posted, linked below in Related Ideas. Some new zones became apparently with the recent moves. But all in all, the sideways move was keeping to the zones quite precisely These zones are calculated using Fibonacci Ratios of past price moves. Fib extensions and retracements are projected forward in time and price. If price bounces or...

EuroMotif Mod Updated 

Short triggered based on my Fib zones. Have been short EU since early April (see Related Ideas below). Been waiting for a bounce to add more shorts. This will start as a scalp with trailing stop. If trailing stop survives, will add to my long term short position.