EUR/USD
Price is forming a small reversal on the 1h chart. Price took out the A high yesterday and has since retraced to the 618 of the new bullish AB swing.
SHORT: WILL ONLY BE GOING SHORT IF:
We will short if we get a bearish cs formation after we hit the BF786. Trade this to the 786 since we would have had a 618 prior.
LONG: WILL ONLY BE GOING LONG TODAY IF:
Price has already hit the 618, so a bullish cs from current levels will constitute a long trade setup. This will be for a 50 pip limit since it’s a 618 bounce. If price falls to the 786, we will have a PT with limits set at the BF786.
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