EURUSD downtrend continuation: 3 possible entries short

27 août 2018

EU got a nice bounce from Powell's comments.
But the downtrend is undeniable, just needs a retrace.

I am watching the three red zones for possible short entries.

I have been short since early April, based on this original plan:

I then fine tuned the fibs and ew to this plan:

In that bigger picture, I am thinking wave 5 down might be done, so we are getting an ABC retrace

28 août 2018

Note

No serious entry yet (scalped a few shorts for 10-15 pips each). Price Bounced off my first possible zone, looks to be headed to my second zone, which is ideal

28 août 2018

Transaction en cours

First short attempt fired

28 août 2018

Note

oops, meant to post this trade set

30 août 2018

Note

Tp1 hit on one short (75% of position size).
Second short (25%) looking for TP2 is still on.
Even if I lose the second position, it will be profitable overall. But I win both, sweet!

5 sept. 2018

Note

Sorry for lack of updates on this plan.
My short did reach TP2 as well, and hit the first Red Arrow target.
That happaned to be a 2.618 extension of the impulse down, so of course it bounced with some vigor. Now watching to see if can break back above the 1.618 or not.