EURUSD short entry zones: one last EU dip before retrace?
I think EU is about to bottom, and Dollar is about to top.
But there might be room for one more short scalp before looking for trend reversal.
Let see how this plays out.
Also keep in mind that it is Thanksgiving week in USA.
Liquidity will be very thin, and we might get very little movement or very high volatility.
Trade safe , I will go going with VERY SMALL lots sizes this week.
Background:
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
I have since been shorting bounces whenever possible, such as per my last plan
My last move was to close shorts and look for long scalps
Went long until the Gap fill idea, which reached target exactly
And now my current plan to look for last few short scalps before possible upturn
But there might be room for one more short scalp before looking for trend reversal.
Let see how this plays out.
Also keep in mind that it is Thanksgiving week in USA.
Liquidity will be very thin, and we might get very little movement or very high volatility.
Trade safe , I will go going with VERY SMALL lots sizes this week.
Background:
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
I have since been shorting bounces whenever possible, such as per my last plan
My last move was to close shorts and look for long scalps
Went long until the Gap fill idea, which reached target exactly
And now my current plan to look for last few short scalps before possible upturn
Related publications
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.