EuroMotif

EUR.USD coming in for a Landing. EU short's TP zones in sight

EuroMotif Mod Updated   
FX:EURUSD   Euro / U.S. Dollar
This is an update to my Shorting roadmap from last week (click)

Plotted are a few possible targets for short position.
Retrace is due for a bounce soon, or maybe reversal.
London Open today, Thursday, will determine the fate.

1.10465-498 is 1st support, reversal would be sign of strong bull.
1.10167-218 would be an average retrace but pretty strong bull,
1.09927-990 is the "Golden Ratio" but amost too obvious to work?

Below that are some targets that might hit after some bounces.
Each zone can take some profit, or trail the stop just above each.
The lowest zone is where I would close all and perhaps go long.

.

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

EUR.USD topping map (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)
NZD.USD bounce Call (massive profit, no drawdown)
USD.CAD short call (perfect entry, huge profits)
GBP.USD dip Call (just in time, quick 70 pips)
DXY toping call (Upthrust warning just in time)
USD.JPY short to long (recent perfect entries)
AUD.USD trend Short (perfect short a year ago)
XAU.USD top call (exact top pegged)
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:
Unexpected bounce, caused by US China news and some niceties proclaimed by China Amazing how "news" comes out at exactly the right moment per tenchnical perspective. So here is how EU was sitting just before the China news Same with AU, NU, and UC, all were sitting at a support/resistance almost as if waiting for this news and then pop. Not a huge move yet, but the impecable timing/concidence is worth noting.
Comment:
Looks like bears are pushing for the "Average Retrace" zone Notice the exact rejection from the green 2.764 as indicated by blue arrow.

.
Comment:
So we ended last week right at the "Average Retrace" zone
Zoomed in with fib added for the last wave down Now we see another reason for the pause here.
The green zone was derived from higher tf fibs, coincides with Band 7 of the blue fib.
Thus I expect this to be end of a wave, and probably see a bounce next.

.

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.