The FOMC event should NOT be much a market mover, no change expected.
The election result of Democrats winning control of the House will have longer term implications.
The move down looks like a wave 3 may have completed.
Looking for a wave 4 up into London Open, then hopefully a final dive.
It is also possible that wave 3 has not yet completed, just resting during Asian session.
But lets see how this plays out.
My EU shorting adventure began in early 2018 while looking for a top around 1.2500
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, such as per my last plan
Thus my current plan to scalp another leg down before it might correct upwards with force.
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