EURUSD short triggered: Germany Politics uncertainty the force.

Shorts fired.
This plan was originally posted 2 weeks ago on Jun 15th.

I have taken several small scalps along since then, with some profits.

My EU short position started in early April:

The downtrend became much stronger than I expected, so am currently working this long term plan:

Right we have German Politics in a bit of a chaos.
Should be a good driving force to continue the downtrend.
Hopefully I can jamb stops at BE and let ride all the way down, along with my massive short position already in profit.

Comment:

EU short nicely in profit.
Down 55 pips or so from entry.

-
Closed 1/4 of the position to lock some profits.
Moved stop to remaining trade to just above recent bounce

Comment:

SL moved to just above 1.1620.
Above an existing band, which has now been reinforced with a 6.618 extension of impulse down from last night.

Trade active:

Closed 3/4 of the position now, as marked on chart pic.
Still have 1/4 position, with SL at ORIGINAL stop (with some loss).
Even if hit, I would still have net profit from the 4 pieces.

The spike up was due to German Politicians that ''kissed and made up'' :)
But in the long run, this even IMO will just offer temporary relief to EU price.
So letting some ride still, and will look to ADD more soon.

Comment: