I hope you took action on EU Longs this week!
New month ahead, and after doing calculations of new month, I have came to conclusion that it is more looking for Shorts now, rather than longs.
I will point out some things based on my Fibonacci Calculator ( Only Fibonacci, waves, )
MCRP, MCIP - http://prnt.sc/bz9e8l
We have a monthly constant rising point that EU failed to break.
Swirl Gate ( UP ), Current swirl - http://prnt.sc/bz9g1p
Adding to constant rising point around this area we have tough level, that I call swirl ( from price phase theory )
EU failed to break it!
Y ( P ) - http://prnt.sc/bz9h1u
Again adding to all stated above, another level, that EU failed to break.
MHI - http://prnt.sc/bz9hpe
Once market will open, it has to see this point, it is down from current close, furthermore adding to levels stated above, Transistion point is 1.1206 another tough level to break thru.
Trend pointer, MS , TIS, TIP - http://prnt.sc/bz9jh4
Adding to MHI, these levels point down too, indicating market is willing to go down.
Monthly Absolute Fibonacci Phase movements - http://prnt.sc/bz9jxh
Indicating downward movement ( starting from lower passage )
So my bias is Short starting this month!
But remember, market goes where it wants to go, all we can do is risk reasonably if we have confidence in what we do!
I faded out a lot of things from Calculator, because there are levels you don't have to see.
Trade with Care!
From swing trading tab that is provided By Absolute Fibonacci number calculator, we can see 3 levels.
This is area where I would put my SL!
Wish you great trading week!
For now, I suggest do not enter now!
Wait just a little bit.
See what happened with EU, how many people lost money because fundamentally EU should go down, but what it did?
So I have no FAITH in this fundamental BS, that is just a bubble that pops and things go in other direction, if you know what I mean!