Updated

EU long to short: looking for a bounce to short again

I have been building EU short position since early April 2018.
Trying to add upon each good bounce, hoping to ride down to 1.07 by end of year.

The Grey zones on the chart are from my Fibonacci Support and Resistance analysis as for July 1st 2018

EURUSD Fibonacci Support Resistance Zones: EU as of Jul 1

Note

I started collecting shorts on EU in early April 2018, when it looks like a topping pattern with EW waves starting down:

Then I fined tuned the fibs and EW with updated plan:

EU to 1.0700 by end of 2018? Extended Bear Scenario for EURUSD

This last plan worked well. That last bounce was a wee bit higher than the plan, but USD has new strength now so I expect the EU downtrend to resume shortly.

Note

Currently watching the lone fib line at 1.15715 for possible signs of exhaustion, but hoping to goes to my idea entry point above (come on UK boys, run some stops for me in 1/2 hour)

Note

Oh noooooo! please dont drop yet :(

Note

Bummer, I might have missed the entry :(

Note

That's it, had to add a small short there (0.5% of account size)

Note

My mico-short doing well so far. The fact that EU did not reach my ''ideal'' entry, says BEAR mode

Note

My front run short scalp in last picture was taken out by trailing stop with 20 pips profit. Then my bigger limit sells at planned zone were triggered, now trailing stop on the main trade

Note

New Fib extensions in blue, and they look to be solid.
So am watching for the possible red wiggle for next drop to the 4.618

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag