Short idea for next week
Updated
Looking at next week, it really has pushed further down. I'm waiting for it to pull back to around the 1,22000 area, this is where I plan to enter a short trade and ride it all the way down to 1.18500. You can of course enter short trades at each elliot wave point. There's some potential to take profits in the pullbacks, but I'll limit them to smaller lot sizes. Good luck next week everyone. Trade safe
Note
Still short on this trade and still expect it to hit the target. It looked like it would hit today after the selling pressure we had this morning. We can see it pulling back a little now which is expected. I think 1,20260 may be the highest it heads up before it heads back down again. Fully expect this to hit TP of 1,18500.We will most likely get some noise from the Fed chair powell speech today.
Trade closed: stop reached
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