Looking for a short entry

25 Kas 2016

We can arguably count the first leg down from the (e) top complete ( 5 waves down). Ideally the euro would retrace back in the area of 1.0850 ( Previous structure, open gap and a bit more than the 0.382% retracement) which should offer a potential good level to establish a short position in the anticipation of the next wave down to parity !

8 Ara 2016

Not

The gap has now been filled and the euro has reversed back down!