EUR/USD – HOURLY CHART
We are in a new AB downswing since we took out the A low on Friday, we now have to wait for a BF786 and a bullish cs formation to buy, or a 618/786 higher up and a bearish cs to sell.
SHORT: WILL ONLY BE GOING SHORT IF:
We need price up at the 618-4227 / 786-4276 price area and a bearish cs formation for short trades.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We need price to drop and hit the BF786 and thereafter give us a bullish cs formation for a long trade. If this happens we will limit out at 60 pips profit since its less than a 382 bounce.
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