EUR/USD
Price fell yesterday and took out the A low doing a reversal process, there was however no trade entry on EUR like there was on GBP, EUR only went to the 618 and the bearish cs was too big anyway. Price now gave us a new bearish AB swing, we are in BF786 long territory at present.
SHORT: WILL ONLY BE GOING SHORT IF:
Price rallies to the 618/786 and gives us a bearish cs formation. Trade the 618 for a 60 pip limit, and the 786 will be a PT with targets set at the BF786.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We get a bullish cs formation from current levels, since we are in BF786 territory. Trade this for a 50 pip limit since it’s a shallow bounce.
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