EUR/USD
We got the test of the Asian highs yesterday, but price never retraced back high enough for an entry at 4293, so no trade setup on EUR yesterday.
We now have a new AB swing since price fell and took out the B low yesterday. We will have a long trade setup if we hit the BF786 and get a bullish cs formation, or we can sell if price rallies to the 618/786 and gives us a bearish cs formation.
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 and a bearish cs formation for a short trade setup. Trade both these as PT for a few days as mentioned above.
LONG: Will be going long today only IF:
We get down to the BF786 and get a bullish cs formation, this will be a shallow bounce, but since the swings are getting bigger, trade it for a 100 pip limit.
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