EUR/USD
We lost 50 pips yesterday with the bullish cs at the A low that failed.
Price continued to fall down to the A low of the AB swing taking it out and giving us a new AB swing, during Asia we rallied up to the 382. We will buy a BF786, or sell higher up at the 618/786, both after cs formations.
SHORT: Will be going short only IF:
We need price up at the 618/786 followed by a bearish cs formation for a short entry, the 618 will have a 60 pip limit, and the 786 will be a PT to the BF786.
LONG: Will be going long today only IF:
We get to the BF786 and thereafter get a bullish cs formation. Trade this cs formation for a 60 pip limit since it’s a shallow bounce.
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