EUR/USD
We had a bearish cs formation deep into the AB swing yesterday; we are still in that trade as it’s a PT to the BF786. Stops are at zero though since we fell 80 pips already.
Price gave us the bearish cs formation we were looking for yesterday and fell since, we are looking for a DABF786 trading day today, so a rally and a bearish cs formation would constitute another short position, adding to yesterdays trade.
Else if price just rallies from here on up and stop us out at zero and goes on to take out the A high then we will be reversing trend on the 1h chart. Wait and see.
SHORT: Will be going short only IF:
We get a rally and a bearish cs formation trade it short with stop above the cs formation and PT it down to the BF786 as well. This is a DABF trading day so we are looking for continuation of the fall to the BF786.
LONG: Will be going long today only IF:
We get down to the BF786 and then a bullish cs formation, trade this to the A high since we had an 86 prior. This will be a PT.
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