EUR/USD
We had a bearish cs formation after the BF786 yesterday which we took and limited out at 50 pips profit.
Price continued to fall down to the A low of the AB swing. We are also in buy territory here, if we get a bullish cs formation, else if price takes out the A low then we are staring a reversal process.
SHORT: Will be going short only IF:
We need price up at the BF786 and a bearish sc formation for a short trade entry, this will be PT to the A low since we would have had an 86 bounce.
LONG: Will be going long today only IF:
We are in buy territory; any clear bullish cs formation here would constitute a long trade setup with limits at the BF786 therefore a PT. Once trade is 80 pips up, place stop at zero, but leave limit at the BF786.
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