EUR/USD - 1H CHART
On Friday we got our second bearish cs formation on EUR/USD which gave us another entry at 4161, original entry at 4220, which we are still in. Limits for both trades are set at the BF786 below.
We are still in the bearish AB swing, price went rather sidesways after our entry on Friday, but has fallen during the Asian session. Today we have another DA786 trading day, we are looking for another short entry today, until the BF786 is reached.
SHORT: Will be going short only IF:
We have a DA786 trading day today where we expect price to continue down, we are looking for a small rally and a bearish cs formation telling us that price is continuing down today. Trade this entry as a PT down to the BF786.
LONG: Will be going long today only IF:
Price falls to the BF786 and then gives us a bullish cs formation, trade this as a PT to the A high since we would have already have had a 786.
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