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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Closer inspection of my Resistance zones and observations
I found the fib of Friday's leg up