EURUSD downtrend continuation: 3 possible entries short

EU got a nice bounce from Powell's comments.
But the downtrend is undeniable, just needs a retrace.

I am watching the three red zones for possible short entries.

I have been short since early April, based on this original plan:

I then fine tuned the fibs and ew to this plan:

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

In that bigger picture, I am thinking wave 5 down might be done, so we are getting an ABC retrace

Note

No serious entry yet (scalped a few shorts for 10-15 pips each). Price Bounced off my first possible zone, looks to be headed to my second zone, which is ideal

Trade active

First short attempt fired

Note

oops, meant to post this trade set

Note

Tp1 hit on one short (75% of position size).
Second short (25%) looking for TP2 is still on.
Even if I lose the second position, it will be profitable overall. But I win both, sweet!

Note

Sorry for lack of updates on this plan.
My short did reach TP2 as well, and hit the first Red Arrow target.

That happaned to be a 2.618 extension of the impulse down, so of course it bounced with some vigor. Now watching to see if can break back above the 1.618 or not.

EuroMotif

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

Related publications

EURUSD Fibonacci Support Resistance Zones: EU as of Jul 1

by EuroMotif

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EuroMotif

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

Related publications

EURUSD Fibonacci Support Resistance Zones: EU as of Jul 1

by EuroMotif