EUR/USD
No trade setups on EUR yesterday, we missed the short trade by 1 pip, had a forward order in at 4257, price came to 4256. Price gave us the dip we anticipated, but once again the stop was more than 50 pips.
Price took out the A high yesterday doing a reversal. We now need a BF786 for a sell setup, and a 618/786 for a buy setup, both after cs formations.
SHORT: Will be going short only IF:
We get a BF786 and a bearish cs formation setup, trade this for 50 pips since it’s a shallow bounce.
LONG: Will be going long today only IF:
Price falls down to the 618/786 and gives us a bullish cs formation. Trade the 618 for 60 pips and the 786 as a PT to the BF786.
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