EURUSD short idea, rebound

My overall sentiment of EURUSD is bearish still. Bearish Elliot wave built with the last wave of the corrective pendant still in play. Expecting E wave to hit 1.14 level where I will most probably await a rebound a short entry. Some EU news incoming (12:45pm 13/12/2018) could have an large effect. Target - bottom of pendant, 1.12175. RR ratio - 3.5:1

This pair has opened today above UK pivot (1.1358)

Kommentera:

Outlook still bearish. Waiting to short at this level once more.