EUR/USD - Hourly Chart
We have formed a new bearish AB swing yesterday by taking out the B low at 4253. We now have to wait for either a BF786 to buy, or a sell up at the 618 -4326 / 786-4368.
SHORT: WILL ONLY BE GOING SHORT IF:
We need price up at the 618/786 and a bearish candlestick formation for short trades.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We hit the BF786-4184 and get a bullish candlestick formation. Since it’s less than a 382 bounce, we will limit out at the 50 pip level.
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