EuroMotif

EuroMotif Mod Updated 

Looking for a bounce. Employment report was meh, little better than expected. Not much reaction, but at least not negative. I think AUD is due for a bounce, lets see.

EuroMotif Mod Updated 

This is the third update to my concept of Stops being hunted. The previous one was here:

EuroMotif Mod

Watching for one of these possibilities to develop. So looking for a bounce, and then will gauge the strength

EuroMotif Mod

Trying a new trick to show a zone on a chart, that keeps moving with the chart and still shows the exact prices nicely.

EuroMotif Mod

Just trying a new way to display support and resistance zones in definitely in such a way that they do not scroll off with the chart when you hit play. Lets see how this plays out.

EuroMotif Mod Updated 

Last week started just under Weekly Central. Bears pounced and pushed down to Weekly S1. But could not push down to M3 or the vaulted S2 . Bulls were weak to start but came back. Bulls pushed it back up to Monthly Pivot, not bad. This week starts with a cluster of all three main pivots. We have economic news from US that might make Dollar stronger...

EuroMotif Mod Updated 

Here are some possible support zones for the deep dive. Will update an more price action develops. But currently the green zones my best guess, with darker green being stronger.

EuroMotif Mod Updated 

Based on my long term bearish outlook. This is part of my longer term trade. If it survives, I will let some ride.

EuroMotif Mod Updated 

Just watched these two zones

EuroMotif Mod Updated 

An idea about how to trade this gap. Some people trade towards closing the gap. Some people trade after close of gap, assuming resumption of trend. Lets see how this one plays out.

EuroMotif Mod Updated 

Watching for this scenario. Either previous support above will become resistance, or it will show more buying again. So watching that zone. But looks to me like a wave 3 is done, and a larger wave 5 to come. Will look to add longs at either 8200 range, or if previous support does not resist.,

EuroMotif Mod Updated 

Gold broke a strong support zone then popped back above it. Was the break below a Bear trap? Is the break above a Bull trap? The two resistance zones above current price will be telling. $1,300 will be the psychological number. If rejected from 1300, then maybe more down? If surpass 1300, we may have found a bottom. This is part of my thinking for the longer...

EuroMotif Mod Updated 

Gold is at as much technical support as it can possibly have. Multiple 61 Fibonacci ratios, some from every long timeframes. An EW Wave 5 looks to be near completion, A small descending wedge is forming at expected support zone. I will be watching for breach of that wedge, OR, a spike below support indicating a run on stops. NOT buying yet, just planning and...

EuroMotif Mod Updated 

Long term I am bullish on USDJPY. Short term I think it is due for a pullback. At least three orders of wave 5's look to be done. There was economic news about US postponing Trade War with China. I think that is why UJ gapped up over the weekend. This news might give USD some strength. So this is to Observe ONLY. Maybe on Tuesday I will consider a...

EuroMotif Mod Updated 

This is an update to my previously posted long term plan, linked below. Currently the Dollar is ripper strong, and the Euro is really struggling. The last bounce from a wave 3 completion was pretty weak, so I expect a wave 5 down soon. I would expect some kind of an ABC retrace upon hitting next green zone (wave III) 1.1500 is my next target I guess. 1.1250 by...

EuroMotif Mod Updated 

I am by no means an Oil Trader. But I do trade Commodity Currencies, especially CAD. Just observing the price patterns, and considering the time of year. The Elliott Waves and Fibs seem to line up nicely with the calendar. I have no idea what OPEC or the Geopolitical situation might do. So not a trade here by any means, just putting it out there for consideration.

EuroMotif Mod Updated 

Fibonacci traders try to grasp the ''pulse'' or ''bandwidth'' of the waves in a movement. I noticed the above just goofing around, and wanted to put it out there before I forgot about it. Will update with more thoughts and examples of Fibs once this crash is over :)

EuroMotif Mod Updated 

Where you start and end the fib trace (0-1) is critical There will be ''obvious'' points that mostly work fine. But often the NON-obvious points fit BETTER.