EUR/USD
We are still in the bearish AB swing, currently at the 86/AHIGH, sell territory, price has fallen back since rallying shy of 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 test of the high and a bearish cs, trade it short but be weary of bounces.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a bearish cs formation after a rally. Trade this for a PT to the BF786 since it’s an 86/A HIGH, 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 and a bounce, since price is so well supported, buy dips to 4344.
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