attached is a chart for EURUSD, as shown on the chart, price has encountered resistance at 1.3063 because
1) balance point
2) tip of eq
3) previous high

from the chart, a sell was done around 1.3012 and cover at around 1.2981 (as this is a support area, equilibrium 13083-13012-12981).

if price moves below 1.2976, sell again as shown in the chart.

EUR/USD has been moving within a range for the last few days, an analysis using 90 days of data (9/21 - 12/19) is done and attached.

as can be seen from the chart, price has been moving within equilibrium 13083-13014-12945, the equilibrium is almost fully saturated in the lower part and there is a chance that price may move up to fill up the upper tip of the equilibrium before resume the down trend.

Once 12945 is broken, a new down trend will start and price will move to around 12850
At this point it is harder for price to move up to fill up previous equilibrium with BP13183 due to resistance at 13063 and 13083.

For now support can be found around BP12981 and resistance at BP13065-68.

attached are charts showing a day trade taken a while ago when EUR/USD made the move up, a buy order was executed when price is above BP 13006 due to expected resistances at 13063 and 13081, the order was close at around 13063.

This trade was done by just using the current day data and limited historical data, this is important as it demonstrate the effectiveness of J-Chart in following the invisible hand of the market.

with the strong upmove after posting my last chart, here is an update on EURUSD.

Earlier on when price hit 13083, there was an immediate reaction of price dropping. However that is not the signal to sell, this is because for equilibrium 13083 -13070 - 13057, price did not break 13057, it only retrace up till 13059. a sell should only be done when we see a lower BP and breaking 13056. indeed price move up strongly after hitting 13059.

as shown in the chart, when price move up and breaking 13083, that will be the signal for a buy. however it is unlikely that price will be able to move up to 13170 due to the daily range left.

after a strong push up, price reverse and there was a sell down, this is shown in the attached chart below, where if a sell was done when price drop below 1.3105, it is good for about a quick 40 pips profit, price drop to near S2 (around 1.3062).

Trading Time = Intra-day
Trend = Down
Entry = Break of 1.3105
Stop = above 1.3131
Target = 1.3076/1.3064

ecmf 

attached is another chart showing the price forecast for EURUSD and giving further evidence for selling if price does go back to 1.3185 and it will be the trader's great privilege and advantage to do so if that happens.

Price went back up to around 1.3185 and we have the privilege to sell as price drop like a rock.

as shown in the chart, price fell around 1.3185, by now trailing stop (1.3083) should be used to protect the profits and try to maximize the profit.

currently price is filling up the dotted rectangle before making a move down again.

Update:

Price Forecasting with chaos EUR/USD has been moving within a range for the last few days, an analysis using 90 days of data (9/21 - 12/19) is done and attached. as can be seen from the chart, price has been moving within equilibrium 13083-13014-12945, the equilibrium is almost …

This chart in the link is important as it is a bigger equilibrium which give us the same forecast price of 12850 in the chart attached here. If 12850 really get tagged, it shows that we are now able to follow the invisible hand of the market

Attached is a chart for 22 Dec 2011, as shown in the chart, price are now filling up equilibrium as shown in the dotted rectangles.
Price will consolidate and pave the cave for a while because the EQ 12945-13114-13083 took quite few days to formed and the lower part of it is already fairly saturated.
Price will need to build up enough above 13020 to move down through the saturated lower part of the EQ.

Although price is ranging above 13020, it is still possible to find trading opportunities as bigger eq are made up of smaller eq.

The 1st attached chart show the development of an EQ 13024-13070-13116.

In the 2nd chart a trade was made to buy at 13035, stop at 13020 and take profit at 13114. It was taken as price move above the highest BP 13034 of the last 5 days 1214 to 1220.