Looking for EU bounce to continue a little higher.
There is still a partial gap from the weekend. Besides that motivation, the waves seem to indicate one more push up.
Lets see how this plays out.
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
My last move was to close shorts and look for long scalps
And now my current plan is to look for gap fill and then enter shorts
Comment
⋅
Uh oh, a poor economic report out of EU spiked it down, but right into possible long entry zone. Now watching for signs of a bounce.
Comment
⋅
Mission accomplished and then some But what a wild ride that was, due to Brexit news tidbits. Currently looks too bullish to short yet, but am working on the measurements now and will post a new Idea when the bull power looks to be fading