Friday, 3 June 2011

EUR/USD DAILY FORECAST 3 JUNE 2011


EUR/USD - HOURLY CHART

NO TRADING TODAY, PAYROLL DAY, BROKERS MIGHT NOT HONOUR STOPS.

Although we not placing any trades today, here is the analysis anyway:

We are still in the bullish AB swing, need a BF786 and a bearish cs to sell, or a 618/786 and a bullish sc formation to buy.

SHORT: WILL ONLY BE GOING SHORT IF:
We get a BF786 and a bearish cs formation, trade it for a 50 pip limit since as of now 06h00 GMT its less than a 382 bounce, this might change in the day, if it does, adjust limit accordingly.

LONG: WILL ONLY BE GOING LONG TODAY IF:
We need price down at the 618/786 for a buy, the 618 for 50 pips and the 786 for a PT to BF786.

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