Last Friday was quite volatile, mostly due to Dollar weakness.
EU bounced but I think it was mostly due to weak USD and not strong EUR, since almost all currencies bounced again the Dollar.
To start this week, I am expecting a dip and then another bounce to finish the upwards momentum.
I have two possible retrace points (B) and two possible bounce targets (C).
The lighter colored path is less likely in my opinion, the darker path is what I am expecting.
After a bounce, I will be looking to get short again.
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
Which brings me to the current plan
EU bounced but I think it was mostly due to weak USD and not strong EUR, since almost all currencies bounced again the Dollar.
To start this week, I am expecting a dip and then another bounce to finish the upwards momentum.
I have two possible retrace points (B) and two possible bounce targets (C).
The lighter colored path is less likely in my opinion, the darker path is what I am expecting.
After a bounce, I will be looking to get short again.
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
Which brings me to the current plan
Note
Target reached exactly, and even getting a little bounce 
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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.