EUR/USD
Price is reaching the 618 of the AB downswing which constitutes a sell area. We will sell on a bearish cs formation anywhere between the 618 and the 786. Long trades are only considered at the BF786, lower down.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a bearish cs formation after hitting the 618, trade this for 50 pips only. If we get a bearish cs formation after hitting the 786, that will be a PT down to the BF786.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We get down to the BF786 and get a bullish cs formation. At present time (05h00GMT candle) we have just about hit the 618, so if price falls from here down to the BF786 and gives us that bullish cs formation, the limit would be at the 786. If that changes during the trading day we will adjust the limit accordingly.
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