EURUSD downtrend continuation: 3 possible entries short

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

Komentar:

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

Trade aktif:

First short attempt fired

Komentar:

oops, meant to post this trade set

Komentar:

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!

Komentar:

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.