Monday 4 July 2011

EUR/USD DAILY FORECAST 4 JULY 2011


EUR/USD
There were no trade setups on Friday.
Today we have a new AB swing in play; price hit the 50 in the last hour. We can only buy at the 618/786 or sell at the BF786, both after cs formations.

SHORT: WILL ONLY BE GOING SHORT IF:
We get to the BF786 and get a bearish cs formation, trade this to the 618 since we have a 50 prior.

LONG: WILL ONLY BE GOING LONG TODAY IF:
We get to the 618/786 and get bullish cs formations, trade the 618 for 50 pips and the 786 PT to the BF786.

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