EURUSD short at break & retest zone
Updated
EURUSD is very obvious downtrend in bigger timeframe, it's approaching a resonance price level:
1. 0.618 of latest down wave
2. break down zone
3. 1.618 of latest uptrend (retracement?)
4. the latest retracement wave looks like a classic elliott wave, i'm expecting last bullish push (wave 5)
5. there's a flat bottom (plenty of stop order there ?)
it's tuesday today, maybe the order may get trigger today or tomorrow (week high maybe)
1. 0.618 of latest down wave
2. break down zone
3. 1.618 of latest uptrend (retracement?)
4. the latest retracement wave looks like a classic elliott wave, i'm expecting last bullish push (wave 5)
5. there's a flat bottom (plenty of stop order there ?)
it's tuesday today, maybe the order may get trigger today or tomorrow (week high maybe)
Note
it's time set break-even for the order. so far the down movement looks smooth, keep holding the short position until the market gives further sign.Note
EURUSD reached 0.618 level of previous bull wave then formed a small consolidation, finally went south.Since market reacted at the 0.618 zone and break down, I'll set the trailing stop to the structure high at 0.97650.
Trade closed: target reached
Order reached trailing target, closed with profit, RR 1:2.X
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