EUR/USD
We had one trade setup yesterday on EUR, Price gave us a bullish cs formation that failed at the 786, we lost 32 pips.
Price fell after the cs failure and took out the low yesterday giving us a new AB downswing, starting a reversal process. We are now at the 382 of that swing; we have to wait for a 618/786 to sell, or a BF786 to buy.
SHORT: Will be going short only IF:
We rally to the 618/786 and get a bearish cs formation. Trade the 618 for 50pips and the 786 will be a PT to the BF786.
LONG: Will be going long today only IF:
We get a bullish cs formation after hitting the BF786. Trade this for 50 pips since it’s a 382 bounce prior.
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