Last Friday was quite volatile, mostly due to Dollar weakness.
EU bounced but I think it was mostly due to weak USD and not strong EUR, since almost all currencies bounced again the Dollar.
To start this week, I am expecting a dip and then another bounce to finish the upwards momentum.
I have two possible retrace points (B) and two possible bounce targets (C). The lighter colored path is less likely in my opinion, the darker path is what I am expecting.
After a bounce, I will be looking to get short again.
Background: My EU shorting adventure began in early 2018 while looking for a top around 1.2500
As that top was forming, I saw the Fibs giving me some clues for down move to start
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
Which brings me to the current plan
Comment
⋅
Target reached exactly, and even getting a little bounce am scalping longs right now, biding time for my next short opportunities which I will post when clear.