EUR/USD
We got our bearish cs formation after the BF786 on Friday and limited out at 50 pips profit.
Price fell a bit on Friday and during Asia hit the BF786 and gave us another bearish cs formation. We will be looking to sell today for a 50 pip profit again. Else if price rallies and takes out the B high then we will have a new AB swing in play.
SHORT: Will be going short only IF:
Looking for a test of the cs formation, trade this with stop above the cs high with targets set at 50 pips.
LONG: Will be going long today only IF:
Price falls down to the 618/786 and gives us a bullish cs formation. Trade the 618 for 50 pips and the 786 as a PT to the BF786.
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