Tuesday, 5 July 2011

EUR/USD DAILY FORECAST 5 JULY 2011


EUR/USD
No Trade setups yesterday.
We are now at the 786 of the AB upswing, we are in buy territory, if we get a bullish cs formation here we must go long. Short trades are only considered at the BF786 after a bearish cs formation.

SHORT: Will be going short only IF:
We rally to the BF786 and get a bearish cs formation. Trade this to the A low since we would have had a 786/86 prior.

LONG: Will be going long today only IF:
We get a bullish cs formation at current levels. Trade this to the BF786 as a PT.

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