EuroMotif

EUR.USD shorts hit target PERFECTLY, now due for a bounce where?

EuroMotif Mod Updated   
FX:EURUSD   Euro / U.S. Dollar
This is an update to my last Short Entry Plan (click).

Shorts hit first target EXACTLY, see above chart.
Now to observe the bounce (if any) for more clues.
Plotted are three possible paths to final leg down.

It is possible that it has bottomed, or that it will paint a Double Bottom.
This SHOULD be the end of a wave, so a significant bounce here is logical.
But I think the overall pressure is to the downside, minus relief bounces.

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See some of my other Forex calls below.
I also plot Crypto and some Stocks, check my Profile Page.

EUR.USD short call (still in play)
EUR.USD bounce plot (found last bottom)
EUR.USD short call (in time, to the Pip)
EUR.USD long call (scalp that ran hard)
EUR.USD short Call (perfect top, huge profits)
EUR.USD trend Short (the very tip-top a year ago)
USD.CAD short call (perfect entry, huge profits)
DXY toping call (Upthrust warning just in time)
USD.JPY short to long (recent perfect entries)
NZD.USD bounce Call (massive profit, no drawdown)
AUD.USD trend Short (perfect short a year ago)
XAU.USD top call (exact top pegged)
XAU.USD bounce call (perfect entry, huge profits)
Silver Bounce scalp (Perfect entry, still in play)
Copper Bounce call (Prefect entry, almost done)

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:
Here we are, at the first serious resistance
Zoomed in, the bottom boundary was clearly noticed Let see what happens here now.
Comment:
Looks like the middle path might be playing out
Zoomed in, with comments on the chart At a moment of truth here. Break below the thin green fib line becomes far more likely to continue down. But Time of Day we are between US and Asia sessions, so probably linger on this line for a few hours.
Comment:
UPDATED next Target, 1.10920-946 The purple fib is of last get down, and it wants to go to its 4.236.
That 4.236 is in tight proximity to a number of other fibs.
So that zone is likely to cause a bounce, IF we go there.
Bears need to break below the purple 2.618 at 1.10318

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Comment:
Uh oh, just lost the 2.618 support.
Now lets if we can get a "WaterDrop" pattern Joking about the WaterDrop pattern, but the idea is that the price can hang from the bottom of this support for a while, and start building orders to the downside. Then when it gets heavy enough, it would leg go of the support and full to the next one below....

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Comment:
Looks like final leg down is under way, and all targets point to the 1.099x zone I am now quite confident that will get hit, perhaps in London session or likely in NY session.

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Comment:
Still on track to 1.099. See the comments on chart we now have two Strong Resistances when it bounces.

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Comment:
Of note, the purple 3.618 got a clean pings It should bounce a bit here.
It MAY be the bottom but I dont think so.
Certainly it will need to break the 3.618 with some force to continue.
So lets look a small bounce here in Asia session, and hope UK will push it the rest of the way.

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Comment:
So we got a little bounce per my last update just above.

But in general still making steady progress towards target And it looks like we may have an exact rejection from the red 6.618

Zoomed in around that 6.618 not quite a Ping just now (red arrow) even though it was pinged exactly from above (green arrows).
Thus no conclusion yet if it will drop from there or not, but all signs still point to the target below, $1.09946/920.
ALSO, I usually dont pay much attention to EUR and GBP during Asian session but a clean rejection here would nice to see going into UK session (1.5 hrs from now).

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Comment:
There it was, an EXACT rejection off the red 6.618 mentioned in last snapshot above and then the London Boys took over and are driving it towards the goal

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Comment:
Target hit
Zoomed in, another EXACT hit
Closed most of my short, will see what London does with it today, but is due for a bounce.

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