EUR/USD
Price bounced off the 618 yesterday, gave us the bullish cs formation and we limited out at 50 pips. We now have a new AB swing in play, we can only buy at the 618/786, or sell at the BF786, both after cs formations.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a bearish cs formation after hitting the BF786. Trade this for 50 pips since it’s a shallow bounce.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We get a bullish cs formation after hitting the 618/786. The 618 entry will have a limit of 50 pips and the 786 will be a PT to the BF786.
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