Nice volatility this week: US midterm elections yesterday and FOMC today. The FOMC event should NOT be much a market mover, no change expected. The election result of Democrats winning control of the House will have longer term implications.
Technically speaking: The move down looks like a wave 3 may have completed. Looking for a wave 4 up into London Open, then hopefully a final dive. It is also possible that wave 3 has not yet completed, just resting during Asian session.
But lets see how this plays out. . .
Background: My EU shorting adventure began in early 2018 while looking for a top around 1.2500
Once it started dropping, I fined tuned the Fibs and EW count to arrive at 1.1500 ad mid target, and 1.070 as final target
I have since been shorting bounces whenever possible, such as per my last plan
Thus my current plan to scalp another leg down before it might correct upwards with force.
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
Nice, hit all targets until the possible double bottom. Time to close shorts and plot the next chapter.