EURUSD downtrend continuation: 3 possible entries short

27 Ogo 2018

EU got a nice bounce from Powell's comments.
But the downtrend is undeniable, just needs a retrace.

I am watching the three red zones for possible short entries.

I have been short since early April, based on this original plan:

I then fine tuned the fibs and ew to this plan:

In that bigger picture, I am thinking wave 5 down might be done, so we are getting an ABC retrace

28 Ogo 2018

Nota

No serious entry yet (scalped a few shorts for 10-15 pips each). Price Bounced off my first possible zone, looks to be headed to my second zone, which is ideal

28 Ogo 2018

Dagangan aktif

First short attempt fired

28 Ogo 2018

Nota

oops, meant to post this trade set

30 Ogo 2018

Nota

Tp1 hit on one short (75% of position size).
Second short (25%) looking for TP2 is still on.
Even if I lose the second position, it will be profitable overall. But I win both, sweet!

5 Sep 2018

Nota

Sorry for lack of updates on this plan.
My short did reach TP2 as well, and hit the first Red Arrow target.
That happaned to be a 2.618 extension of the impulse down, so of course it bounced with some vigor. Now watching to see if can break back above the 1.618 or not.