Short

Updated

EU looking for a bounce to short more

I am already in short for a longer term (for me) trade.
This is sub-Plan, on possible bounce zones to watch to add to shorts.
USD has been tearing it upwards, so the bounce may not come yet, and it might bounce much.

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The trade plan above is part of this longer term short

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This all started with EU teetering near the top, and my first shorts were entered here:

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On further study, the bounce may be happening this week. The fibs say ''very possible end of a wave 5''

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That was nice bounce where expected.
Now just need to see how it behaves the expected next top

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Bounce may have started.
Watching for impulse move up.
If not, then I will wait for 1.1810 to watch for bounce.
(am still short, just looking to add more on a bounce)

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EU progressing as hoped

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Hoping to see bounce here.
I am still SHORT, hoping to sell more after one more leg up.
But will wait till Monday rather than add to a trade on a Friday

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Almost there, hate to put add to a trade on a Friday, but might have to. Watching closely.

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Adding a short here, cant resist.
Hate to do so on a Friday, but looking good/

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Chart: it was hits 1.0 fib extension being rejected that convinced me to add to my shorts:

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Target hit, shorts added.
Expecting some consolidation in this range, lets what next week brings.

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Watching closely to add shorts.
Looking for signs of a double top in this one per plan

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Waiting for London Open to possibly see this happen:

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Scalp short triggered

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Scalp worked nicely.
I think final target at weekly Pivot is still probable.
BUT I have taken off 60% of the scalp position, the rest on trailing stop.
if it survives, I will ride it along with my Long Term short which is going very well.

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Glad I closed most of my scalp, looks ready for a bounce.
Still letting a little ride with stop at BE.
Will look to short more if momentum turns back down.

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Target hit on scalp.
Took another 20% off.
Will let 20% ride with trailing stop

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Looks like it will bounce a bit.
Will watch London Open for clues and to plot the next possible short.

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Bouncing as expected.
Watching closely to gauge the next step

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
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EuroMotif

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