EURUSD looking for bounce to short more: EU scalp idea

١٥ يونيو ٢٠١٨

That was a dramatic drop yesterday.
Now I am watching the bounce, and will be measuring it to evaluate progress from here.

I am long term bear, since this first trade in Early April:

I have been taking some profts here and there, adding shorts at opportune moments.
My last updated outlook in Mid-May is here:

I am evaulating this latest move to see if above plan to stay as is or modify.

But for now, I am looking scalp some shorts, and add to my position with each scalp.

١٨ يونيو ٢٠١٨

ملاحظة

EU small scalp short fired.
The move up was working the .236 extensions, which after a .618 bounce is a sign of a weak but capable bull run.
But it did not break above the previous low in original chart, so taking a shot at doom!

١٨ يونيو ٢٠١٨

ملاحظة

I was able to scalp a few pips out of this.
Trailing stop got hit at fib support zone.
Hoping it will break out for a higher short, watching.

١٩ يونيو ٢٠١٨

ملاحظة

EU has been showing some strength (at least that of a Dead Cat)
I am hoping for a ride like this to my first possible shorting zone.

١٩ يونيو ٢٠١٨

ملاحظة

Yowza! So much for that plan.
Fomo shorted when it broke below 1.6100

١٩ يونيو ٢٠١٨

ملاحظة

Looking for a quick short here.
Was hoping to see of the blue paths, might be happening.

٢٠ يونيو ٢٠١٨

ملاحظة

Shorts fired (small position).
Hoping to jamb stops at BE before London Open.

٢٠ يونيو ٢٠١٨

ملاحظة

OK, maybe now we can proceed

٢٠ يونيو ٢٠١٨

ملاحظة

Still riding this down, hoping to put trailing stop on it soon, before London opens

٢٠ يونيو ٢٠١٨

ملاحظة

if eu breaks 1.1562, then pretty fast sailing (downhill?) to 1.1530 imo
s3.amazonaws.com/tradingview/snapshots/8/8dZy0sa4.png

٢٠ يونيو ٢٠١٨

ملاحظة

My stop is just above this zone, prolly gonna get taken out :(

٢٠ يونيو ٢٠١٨

ملاحظة

I aint ded yet!

٢٠ يونيو ٢٠١٨

ملاحظة

Quite the battle in this zone

٢٠ يونيو ٢٠١٨

ملاحظة

Bulls tried stair-stepping up from the support lines, but look to be losing ground
s3.amazonaws.com/tradingview/snapshots/n/navafzNb.png

٢٠ يونيو ٢٠١٨

ملاحظة

I think that was EU bulls' last ammunition, shorting now
s3.amazonaws.com/tradingview/snapshots/o/OhDXDOZd.png

٢٠ يونيو ٢٠١٨

ملاحظة

Thar she blows?

٢٠ يونيو ٢٠١٨

ملاحظة

Dragged stop to BE, just above zone

٢٠ يونيو ٢٠١٨

ملاحظة

ARGH, closed short with tiny profit :(

٢٥ يونيو ٢٠١٨

ملاحظة

Short from my first red zone (in original chart) is looking good.
Was concerned about this Fib triple band, but it worked through it.
Now to see what London Open brings.

٢٨ يونيو ٢٠١٨

ملاحظة

Playing out quite nicely from original chart.
Scalped a short on first red zone rejection, but trailing stop was hit.
Shorted again at higher red zone rejection and riding it down.
Waiting to see the action around first green zone. Might add shorts if bounce from green zone is not an impulse up (ew 12345).

١ يوليو ٢٠١٨

ملاحظة

Per this original plan, considering a short soon.
Will evaluate what Asia does with it, then look to enter at London Open.

٢ يوليو ٢٠١٨

ملاحظة

Asia was clearly bearish on EU.


Waiting for a slight rise to add a short, maybe something like this around London Open

٢ يوليو ٢٠١٨

ملاحظة

Nice, playing out as hoped.
Stop run below support, not a quick rise, into my shorts :)

٢ يوليو ٢٠١٨

ملاحظة

Watching closely, as price is following the plan.
15 mins for London Open, so behavior at that time will be very telling.
Expecting a pretty sizeable drop based on Germany Political news/chaos.

٢ يوليو ٢٠١٨

ملاحظة

Close enough. Shorts Fired per this Idea:

٩ يوليو ٢٠١٨

ملاحظة

Scalped the red zones throughout last week

١٦ يناير ٢٠١٩

ملاحظة

Very cool. Here is what has transpired since this Idea was posted over 6 months ago Fibs dont Lie