Short

EU short triggered

By EuroMotif

Updated

Based on news.

Hopefully, I can place a trailing stop at break even or better before the press conference.

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Trailing stop set, currently a little above last Fib zone.

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Trailing stop moved down some

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Trailing stop moved again, TP extended lower

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Trailing stop moved again

Trade closed: target reached

Trade closed. Will probably bounce here, might as well book the pips and wait for press conference.

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Scalp closed, but still holding 60% of my long term short per this plan:

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

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Back to 1min chart.
there is a whole mess of Fibs here that EU is consolidating in.
If it breaks below, there is good room to next zone down.

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Chewing through a pretty strong support zone.
Looks to be headed to the 3.618

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closeup of the price action within Fib Zone.
Each line is noticed, and reacted upon by humans (or bots).

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Ruh Roh! Bottom of Zone pierced.
Buy orders gone, only a matter of minutes to break lower IMO

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Here we are, will it bounce, even a dead cat? or just slice through the 3.618?
s3.amazonaws.com/tradingview/snapshots/a/Adc6wjPs.png

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Dead cat bounce? Unless bulls can break past the 3.382 at 1.169 , is all ova. But if they break the 3.326 at 1.11695, they have hope
s3.amazonaws.com/tradingview/snapshots/f/fwApzBZ2.png

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oh no EU! there are some decent support zones in 1.164/65 zone, but the 4.618 at 1.163 is likely next target
s3.amazonaws.com/tradingview/snapshots/t/txr2qZHi.png

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Nice.
EU broke through numerous zones, and looks to want the 5.618 extension as a resting spot.

This latest move (due to ECB in-action) has made it very likely that my long term short will continue on the exact path I was hoping for:

EuroMotif

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EURUSD Fibonacci Support Resistance Zones: EU as of Jun 10

by EuroMotif

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