EUR/USD – HOURLY CHART
We are still in the bearish AB swing, currently at the 786, sell territory, but looking at this chart, we expect price to keep rallying and take out the A high up at 4344. We have had a series of dips inside this AB swing telling us that it’s heading for the high up at 4344. If we get a strong bearish cs, trade it short but be weary of bounces.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a bearish cs formation at current levels or higher up. Trade this for a PT since it’s a 786, but as mentioned above, be weary of bounces, exit short trade on a strong bounce since price has been well supported on dips here.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We get another dip lower, since price is so well supported, buy dips to 4344.
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