Short

EURUSD

Updated

1.10353
1.10205
1.10169
1.10070 (more likely after a new top around 1.10923)

Note

The impulse may expand to 1.10153, however 1.10160 - 1.10169 will be a good area to close the trade. After consolidation, I expect a long impulse. If Pn brakes 1.10104 it will be more likely that it goes directly to 1.10070. However, in the meantime a new point of mass was generated around 1.10500. Pn now is gravitating towards this and there is tension to balance the gaps at 1.10205 and 1.10070. A fast impulse can be the result as well as ups and downs with 10-15pips on the way to the goal.

Trade closed: target reached

Just a personal note added: the 1.10169 was a volatility imbalance that happened on 2019-09-05 at 9am UTC and its duration was less than 0,5 seconds. It took 4 days and 4 minutes to balance. As already Benoit Mandelbrot noted - in opposite to the common sense of finance theory prices DO HAVE a memory.

Note

Since Pn broke 1.10104 and also cleared 1.10070 I expect next targets LONG around 1.10199, 1.10219, 1.10284, 1.10324

RubenJaybird

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