EUR/USD
No trade setups on EUR yesterday.
We are still in the AB downswing on EUR. We have a BF786 bounce already during Asia, we are now looking for a test of the 4197 price where we have a 50max stop, we can place our FO there for a long position if price comes back to test that level. Limits are set at 60 pips since it’s a shallow bounce.
We might be having a lower top in place up at 4453 and we might consider holding a short position for a few days if we enter higher up, and keep in down to 4000/3836.
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,(or hold as mentioned above) and the 786 will be a PT to the BF786.
LONG: Will be going long today only IF:
We have already had a BF786 and a bullish cs formation during Asia. We now need a test of the 4197 area where we have a FO placed for a long trade. Limit on this one is 60 pips since it’s a shallow bounce.
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