EuroMotif

EUR.USD bounced as expected, Targets in sight, trend change?

EuroMotif Mod Updated   
FX:EURUSD   Euro / U.S. Dollar
Followup to my Long Scalp Idea posted here (click).

Previous plot worked out quite well, though not as precisely as I expected.
But longs are still in play, and travelling towards possible targets/resistances.
It is possible that EU has bottomed for now and might trend up for a while.

$ 1.11412/420 is the key zone, below which bulls will struggle.
$ 1.11598/619 is the minimum expected target from here.
$ 1.11688/709 is the likely end of the last wave coming up.
$ 1.11851/887 is the maximum expectable for this bounce.

If we have a trend change, we should see shallow pullbacks from resistance.
First requirement for trend change will be to pass 1.117 and hold a retest.
Next requirement would be for this wave to prove a 12345 structure.

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Previous EUR.USD analysis (click):
1.109 Bounce plot
1.070 Bounce plot (rocket ride)
1.125 Short call (massive profits)
1.119 Bounce Plot (better than expected)
1.131 Short call (pin point accurate)
1.118 Long call (scalp that ran hard)
1.240 Short call (the very tip-top a year ago)

Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.
Comment:
1st Target hit closing some here, might add on retrace but will ride the rest.

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the Trading View is my Nation
the Moderator Tag is my Flag
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