Euro / SterlinaShort
EUR GBP Short 2
My first short I rode it down from about 0.89382 (38.2) to 0.88594 (50) and got out thinking it may bounce off the 50 fib which it did.
Got out watched and waited.
Bounced off the 50 a little bit but to me it looks like it will eventually continue going down.
Looking at the fibs for the first wave up it looks like it could bounce from 50 to 38.2 and possible go up more from there.
However, looking at the fib on the wave down it looks like a bounce on the 38.2 and down towards the 11.4.
The 38.2 levels on the wave up and wave down line up. (Probably not significant but interesting.)
Fib retrace on the wave down bounced on 38.2 twice, shot a long wick to the 50% and now looks like its headed back down.
Entry: 0.88981
SL: 0.89906 (90 pips)
TP: 0.8769 (130 pips)
Got out watched and waited.
Bounced off the 50 a little bit but to me it looks like it will eventually continue going down.
Looking at the fibs for the first wave up it looks like it could bounce from 50 to 38.2 and possible go up more from there.
However, looking at the fib on the wave down it looks like a bounce on the 38.2 and down towards the 11.4.
The 38.2 levels on the wave up and wave down line up. (Probably not significant but interesting.)
Fib retrace on the wave down bounced on 38.2 twice, shot a long wick to the 50% and now looks like its headed back down.
Entry: 0.88981
SL: 0.89906 (90 pips)
TP: 0.8769 (130 pips)
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