I think EU will brush if not break 1.1800. A stop hunt below would make prefect sense. Right now I think EW has one more small wave down to go, before any bounce.
Have been riding a large short, looking to add more. I added some on previous tiny bounce. Now looking for another scalp.
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This Idea is a part of my overall short, which started with this:
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My last added shorts were on this bounce:
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EU entering my first zone of interest. watching behavior
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I refuse to believe EU is this weak. Bear trap maybe, watching.
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Adding a small short here. Looks rejected from resistance zone.
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Just jambed by stop at break even
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1min chart lol! but this is what I am expecting for scalping thoughts
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If I was purely scalping for 20-30 pips, I would probably take profit here. But instead I have taken 50% off the table, and dragged own the SL on the rest
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wow, EU weak weak weak. Some defense ahead of 1.1800 but not impressive. I think 1.1800 will break, maybe after a bit of a retrace.
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Expecting to see this bounce a bit, will evaluate the bounce. I still think 1.18 will break
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Dragging stops lower. Anticipating breach of 1.18, and a sharp spike down. Will gauge remaining position based on that reaction.
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Weak bounce, but waiting to see how this plays out
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Seeing a weeee bit of support at my mid-band. dragged stops closer.
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Looks like the drop is about done for now. Will leave my SL and see if it survives (well in profit) or I will just keep this an added short to ride the trend
Trade closed: target reached
Gotta luv it when a plan comes together. I have closed most of this position, leaving 20% with SL in profit. The bounce looks like it might be done, so am watching further signs of weekness.
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