This is an update to my previously posted long term plan, linked below.
Currently the Dollar is ripper strong, and the Euro is really struggling.
The last bounce from a wave 3 completion was pretty weak, so I expect a wave 5 down soon.
I would expect some kind of an ABC retrace upon hitting next green zone (wave III)
1.1500 is my next target I guess.
1.1250 by end of Summer still seems plausible.
1.0700 gap close may well happen by end of 2018.
I will update and fine tune the target ranges as I see developments.
Here is the previous plan, which is still mostly in effect for me, but EU looks even more bear that I expected at that time:

Currently the Dollar is ripper strong, and the Euro is really struggling.
The last bounce from a wave 3 completion was pretty weak, so I expect a wave 5 down soon.
I would expect some kind of an ABC retrace upon hitting next green zone (wave III)
1.1500 is my next target I guess.
1.1250 by end of Summer still seems plausible.
1.0700 gap close may well happen by end of 2018.
I will update and fine tune the target ranges as I see developments.
Here is the previous plan, which is still mostly in effect for me, but EU looks even more bear that I expected at that time:

Note
First target for Wave III hit.Close up.
Notice how it stopped BEFORE the round 1.15000.
Instead, it was a Fib Resonance (a 1.618 ) that acted.
Now is time to look for a bounce, to short again!
EU news is uncertain (Italy), and USD is very strong.
But expecting a USD correction, EU breather, then onward and downward.
Maybe a bounce to the zone above and then down again? will be watching.
OR maybe it just belows through 1.1500 and keeps dropping? Fine by me, many shorts are still open :)
Note
The original wave IV top I had (in the main live chart) was 1.1815That was to account for possible stop hunt above 1.1800
Asia already passed ast 1.1800 ever so slightly but no spike of stops.
And the EURO looks to have a pretty good head of steam.
ie: I am not so confident wave IV will end here, but watching with interest.
Note
Original plan still on track.It fell to where I expected, then bounce to where I expected.
Now it LOOKS to be turning back down with several bearish daily candles.
BUT, I would not be surprised to see an ABC wave shooting up to the Red Zone (1.1906 - 1.1933) before turning back down.
Big ECB news this week, so I think the big movement will wait until then.
But the in the meantime I will keep updating my scalps on ny other EU ideas.
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the Trading View is my Nation
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.