Follow up to my Long to Short pathway (click).
EU is approaching the 1st of 2 crucial supports. (2nd zone below chart window)
If "trend change" is to happen, one of these must hold.
Loss of both supports will be very bad news for bulls.
$ 1.10750/784 should be strong support, at least a bounce.
$ 1.10536/566 could be hit for a stop hunt under local low.
$ 1.10394/432 would be a scary but high profit long entry.
Previous EUR.USD analysis (click):
1.116 TP into Short
1.109 Bounce call
1.070 Bounce call
1.125 Short call (massive profits)
1.119 Bounce Plot (better than expected)
1.131 Short call (pin point accurate)
1.118 Long call (scalp that ran hard)
1.240 Short call (the very tip-top a year ago)
Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.