EURUSD short triggered: Germany Politics uncertainty the force.

Jul 2, 2018

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.

Jul 2, 2018

Note

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

Jul 2, 2018

Note

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.

Jul 2, 2018

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.

Jul 2, 2018

Note