EURUSD short entry zones: EU to retrace above 1.1500 ?
Zaktualizowano
EU had a strong bounce on Friday, based mostly on Dollar weakness.
Such a strong move I think will have some after effects.
Am expecting an ABC retrace to climb to one of the two red zones for end of C.
Wave B may have completed on Friday, or it might take a small dip on market open.
Lets see how this plays out.
Background:
My EU shorting adventure began in early 2018 while looking for a top around 1.2500
As that top was forming, I saw the Fibs giving me some clues for down move to start
Once it started dropping, I fined tuned the Fibs and EW count to arrive at 1.1500 ad mid target, and 1.070 as final target
I have since been shorting bounces whenever possible, such as per my last plan
Which brings me to my current plan, looking to short 1.15 or higher
Such a strong move I think will have some after effects.
Am expecting an ABC retrace to climb to one of the two red zones for end of C.
Wave B may have completed on Friday, or it might take a small dip on market open.
Lets see how this plays out.
Background:
My EU shorting adventure began in early 2018 while looking for a top around 1.2500
As that top was forming, I saw the Fibs giving me some clues for down move to start
Once it started dropping, I fined tuned the Fibs and EW count to arrive at 1.1500 ad mid target, and 1.070 as final target
I have since been shorting bounces whenever possible, such as per my last plan
Which brings me to my current plan, looking to short 1.15 or higher
Uwaga
Got a bounce of the lower green zone as expected. Now the price has run into local resistance from its own fib. But looks quite bullish still 
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