EUR/USD
We lost 50 pips Friday with the bullish cs at the BF that failed, price bounced back up but the stop was too big for the trade therefore we passed on that one.
Price rallied shy of the 618 in the AB downswing. We can sell at the 618/786 or buy again at the BF786, 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. This will be a PT and limits here will be at the 786 since we would have had a 618 prior.
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