EUR/USD
Price has finally taken out the A high doing the start of a reversal process to push higher. We barely have a B high in place at present to draw fibs on. This is a big AB swing, with the 618/786 very far away at present.
SHORT: WILL ONLY BE GOING SHORT IF:
We need a BF786 to short, we barely have a B, will wait to see if we get a test of the Asia high during the day. If we get a test and a bearish cs formation we might go short.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We need price down at the 618/786 and a bullish cs formation for a long trade. That’s a long way off for now.
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