EUR/USD
We exited our two trades for a combined profit of 153 pips when we got a bullish cs formation at the UK open. We had a FO in for a long trade but price never hit the entry.
We are in no man’s land on EUR, price rallied yesterday and came shy of the 786, we need price at the 786 for a short, or down at the BF786 for a long trade setup, both after cs formations. The only other long entry will be a strong bullish cs at the UK open like we had yesterday.
SHORT: Will be going short only IF:
We get to the 786 again and get a bearish cs formation. Trade this 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. Else the only other long opprotunity will be a strong bullish cs at the UK open.
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