Euro / U.S. DollarShort
EURUSD to break below 1.15000? EU bull run to retrace further?
Updated
EU completed a picture perfect 12345 impulse wave up.
Now in the process of correcting in perhaps an (ABC) retrace.
Wave (A) looks like the requisite 5-sub-wave pattern.
Wave (B) looks like the requisite 3-sub-wave pattern.
Wave (C) should also be a 5 cycle wave.
I am imagining two possible wave (C) paths, thus the two different 12345 waves.
Background:
I first started shorting in early April 2018, based on this analysis
I then fine tuned some fibs to show a path to 1.0700 by EOY
I have since been adding shorts on rallies such as this plan
Now in the process of correcting in perhaps an (ABC) retrace.
Wave (A) looks like the requisite 5-sub-wave pattern.
Wave (B) looks like the requisite 3-sub-wave pattern.
Wave (C) should also be a 5 cycle wave.
I am imagining two possible wave (C) paths, thus the two different 12345 waves.
Background:
I first started shorting in early April 2018, based on this analysis
I then fine tuned some fibs to show a path to 1.0700 by EOY
I have since been adding shorts on rallies such as this plan
Note
looks like we might be getting a rejection at my first line of doom. Lets see how this goes from here Note
My limit sells were triggered at the second entry opp.It also was the 4.236 extension of first impulse up for the proposed wave 2
Note
EU bounced off the weekly Central Pivot (dark green line P).I had 30% take profit order there. It is actually possible that will be the low for the week, per pivot traders. So might as well book some profits. Leaving SL and BE on rest of the position
Note
this EW count still seems valid, or at least not been invalidated. I did expect a strong and fast wave 2, but would have liked a deeper retrace of the B within w2. Note
EU magnified. Looks to be following fibs perfectly. The break below 2.618 and retest just now is a perfect bear sign.s3.amazonaws.com/tradingview/snapshots/e/e8SgI6fw.png
Note
New Red Fib measuring the down move looks valid.The red 1.618 lines up nicely with the blue 2.618 on the up fib.
Thus the hesitation at that fib resonance.
Note
EU at a critical price, at a cluster of 3 important fibs Note
EU with ok bounce off the fib cluster. Bulls really want control of the 1.1585 zone, using the Weekly Pivot as fallback point (green line)s3.amazonaws.com/tradingview/snapshots/i/iYYzReZJ.png
Note
Currently pondering this possibility 
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