Wednesday, 27 July 2011

EUR/USD 27 JULY 2011


EUR/USD
No Trade setup yesterday on EUR.

We have a new AB swing. The trend here is also aggressive, and has not been bouncing deep into the 618/786, so we will enter on a bullish cs formation even if it’s not a 618. It has to be a clear cs after a dip.

SHORT: Will be going short only IF:
We get a bearish cs formation at current levels, trade for 50 pips limit and watch out for bullish counter formations.

LONG: Will be going long today only IF:
We get a dip and then a bullish cs formation, even if it’s not all the way down at the 618/786, because the trend has been aggressive we won’t wait for a dip to the 618/786, higher up will do.

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