EURUSD short entry opps: EU Resistance zones and some targets
Updated
Short term plot to look for short entries.
Red zones are of interest for entry, Green zones for possible Take Profits.
FOMC rate decision was the big news today.
It was ''less dovish'' than the market expected.
I expect USD strength until End of Year at least.
.
.
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:
Again some shorts collecting in recent week:
And now my current plan to looks for rallies to short
Red zones are of interest for entry, Green zones for possible Take Profits.
FOMC rate decision was the big news today.
It was ''less dovish'' than the market expected.
I expect USD strength until End of Year at least.
.
.
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:
Again some shorts collecting in recent week:
And now my current plan to looks for rallies to short
Note
wow, blew right through the first two zones .
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.