EURUSD long to go short: EU bounce zones to watch (15 min chart)

Expecting a short term bounce.
Entry possibilities at red zones.
Take Profit at Green Zones.


Background:
I am a Dollar bull and Euro bear. Until the ECB starts talking about paying interest, or FOMC cuts rate forecasts, I will be looking for shorts.

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

Which brings me to the current plan, to look for a bounce to short again.

I will try to post updates if and when price reaches my zones.

Bình luận:

Nice price action since this Idea was posted

My wave count was off a bit, but the expected zones were perfect.

Closer inspection of my Resistance zones and observations

I found the fib of Friday's leg up

and it points to more upwards action. I will work on a new plan based on these findings.