EURUSD with possible bounce: EU short to long to short

Last Friday was quite volatile, mostly due to Dollar weakness.

EU bounced but I think it was mostly due to weak USD and not strong EUR, since almost all currencies bounced again the Dollar.

To start this week, I am expecting a dip and then another bounce to finish the upwards momentum.

I have two possible retrace points (B) and two possible bounce targets (C).
The lighter colored path is less likely in my opinion, the darker path is what I am expecting.

After a bounce, I will be looking to get short again.

Background:
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

I have since been shorting bounces whenever possible, such as per my last plan

Which brings me to the current plan

Bình luận:

Target reached exactly, and even getting a little bounce

am scalping longs right now, biding time for my next short opportunities which I will post when clear.