Euro / U.S. DollarShort
End of year outlook update
So far so good, everything is moving according to plan. We are seeing some more momentum to the downside again so I don't see much of a problem getting down to Zone 1. If we get a quick push up Should be another good entry. I am going to be cautious though since it is the 5th wave after the initial push down from 1.40 area. could get the retrace now and not at the 1.168 zone 1 area I have mapped out here. At this time what my chart is showing me is how I am playing it. I am playing it a bit safe and taking profit at the 1.168 fib level. But as all of the cloned arrows show us, the market could get to the bottom of zone 1. I will be keeping a very close eye on Tuesday to see what happens and adjust my plan accordingly. The reason I emphasize Tuesday is that if you look at the last 3 weeks on that day you will see the biggest directional change in the market. I reiterate that this is just my own Idea I am not pushing on you... I am not a professional trader as of yet, but I do put the time in. Still keeping with my original plan, just a few adjustments now that I have more data to work with. I will be making adjustments next weekend after this weeks data comes in. Good Trading & Prosperous Outcome!
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