EURUSD long to go short: EU bounce zones to watch (15 min chart)
Zaktualizowano
Expecting a short term bounce.
Entry possibilities at red zones.
Take Profit at Green Zones.
Background:
I am a Dollar bull and Euro bear. Until the ECB starts talking about paying interest, or FOMC cuts rate forecasts, I will be looking for shorts.
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
Which brings me to the current plan, to look for a bounce to short again.
I will try to post updates if and when price reaches my zones.
Entry possibilities at red zones.
Take Profit at Green Zones.
Background:
I am a Dollar bull and Euro bear. Until the ECB starts talking about paying interest, or FOMC cuts rate forecasts, I will be looking for shorts.
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
Which brings me to the current plan, to look for a bounce to short again.
I will try to post updates if and when price reaches my zones.
Uwaga
Nice price action since this Idea was posted Closer inspection of my Resistance zones and observations
I found the fib of Friday's leg up
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