EUR/USD
Had a DABF trading day entry yesterday with a bearish cs formation, but price reversed and we lost 50 pips.
Price rallied and took out the B high giving us a new AB swing, we are now at the 618 of that swing, we can buy a clear bullish cs formation, or we can buy after testing the 786 and then a bullish cs formation. If we continue falling and price takes out the A low at 4324 then we will be reversing on the 1h chart.
SHORT: Will be going short only IF:
We get to the BF786 and get a clear bearish cs formation. Trade this as a PT down to the 786 since we had a 618 prior. (as at 06h00GMT). If this changes during the day adjust limit accordingly.
LONG: Will be going long today only IF:
We get a clear bullish cs formation from current levels, or lower down at the 786. Trade the 618 for 80-100 pips and the 786 will be a PT to the BF786.
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