EUR/USD
Price fell on Friday running all the way past the D extension giving us a new AB downswing. We now need to wait for a BF786 for a long trade, and a 618/786 for a short entry.
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 50 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 after price hits the BF786. Trade this for a 50 pip limit since it’s a shallow bounce.
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