EURUSD. Short setup. Risk/Reward 2.72

The idea is that the complex correction could unfold lower to hit 61.8-78.6% Fibonacci of the previous large impulse.
The last leg of the linking correction ABC looks done.
Entry current
Stop 1.1646
Target 1.1446 (although it could drop much lower if second leg will exceed by size the earlier one)

Trade stängt manuellt:

will update the idea

Kommentera:

Trade closed at the breakeven as I see the possible wave C develops

New Entry 1.1615-30 as shown by the green zigzag
Stop 1.1646
Target 1.1446

Kommentera:

Short here 1.1594

Kommentera:

Stop 1.1609
Take profit same 1.1446
R/R = 8.8

Kommentera:

it looks like triangle emerged in wave X.
Then stop should be above 1.1613
Take profit also recalculated at 1.1410
R/R = 6.6

Trade stängt: Stopp nått