EUR/USD – HOURLY CHART
We are in a new AB downswing on EUR, price fell after the cs formation at the A high on Friday and ran to the D extension. We now have a new AB swing. We have to wait for a BF786 and a bullish cs to buy, or a sell up at the 618/786.
SHORT: WILL ONLY BE GOING SHORT IF:
We get to the 618 and get a bearish cs formation. Trade this for 60 pips since it’s a 618.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We need price down at the BF786 and a bullish cs formation before we can look for long trades.
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