EuroMotif

EURUSD short entry zones to watch: EU downtrend continuation

EuroMotif Mod Diupdate   
FX:EURUSD   Euro / Dollar AS
Quick plot to watch some resistance zones for possible continuation of downtrend.

NOTE: This week is FOMC rate decision. So hopefully this move will be done before Wednesday.

.
.
.

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:
And again some shorts collection last month:
And now my current plan to look for last few short scalps before FOMC rate decision
Komentar:
wow, guess I should have labelled these as Support zones and NOT Resistance zones, LOL. But they did prove their validity, just not direction. the expectations for a FED 'dovish' hike has weakened the dollar quite a bit. And thus the EU climb rather than descent. BUT it might double top at the 5.618 where it rejected earlier. Anyway, no trades triggered, and I would looking for any until after FOMC at this point.

.

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.