EURUSD. DRAGHIS LAST STAND AT 1,4000. PART3. Coordination Point.As you can see with the attached links, that one went well. Why the update? Because I do not do the market, we all do, and with all due respect, I can see one possibility that is noteworthy. But to be sure, weekly I am still strong short on this pair, at 1,3550 I have to reconsider, at 1,40 well, then it is too late anyway.
So besides all the short load I carry with me, we may face some interesting price movement, there is a coordination point ahead. A rebound until 1,3200 should carry the pair easily to 1,34, judging from the then to see fractals even more. Why? There is the slight chance that the 1,40 EDT I counted has done its magic.
What to do? Well, I earned quite some pips, so I will cash in half of it. When I can see some impulsive structure up, I wait for it to come back and maybe launch an investigative long trade, stop under the starting impulse and fast over the entry.
But overall, I am still positive for the target at 1,11.
Lena
EURUSD. Draghis Last Stand at 1,4000. Part2As shown in the link below, the analysis finally worked. Trading was also nice, but not too good, as no gas station available on the way down... so sadly no multiple entries.
To the patterns: As seen in the pic, I favor the pink 2/b finished. But, still room for a longer and higher 2/b, please keep in mind. The scenario for EURUSD 1:1 is full intact and on a good way, but pretty much not certain. The 1,3000 is the next big thing and could happen fast as the patterns right know (without the longer 2/b) look bearish. Pretty bearish.