EURUSD scalp short zones: EU have one more dip left? (15 min)

8 Nov 2018

Nice volatility this week: US midterm elections yesterday and FOMC today.
The FOMC event should NOT be much a market mover, no change expected.
The election result of Democrats winning control of the House will have longer term implications.

Technically speaking:
The move down looks like a wave 3 may have completed.
Looking for a wave 4 up into London Open, then hopefully a final dive.
It is also possible that wave 3 has not yet completed, just resting during Asian session.

But lets see how this plays out.
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Background:
My EU shorting adventure began in early 2018 while looking for a top around 1.2500

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

Thus my current plan to scalp another leg down before it might correct upwards with force.

8 Nov 2018

Dagangan ditutup: sasaran tercapai

Nice, hit all targets until the possible double bottom. Time to close shorts and plot the next chapter.