EUR/USD
We got stopped out on the previous days trade with zero loss since stop was at zero, we re-entered at 4438 short on the bearish cs formation after a test of the highs again. We are still in that trade.
Price rallied to test the highs of the previous day yesterday and fell since, today we will be looking for resumption of downtrend, and will be looking to buy into rallies.
Else if price just rallies without a bearish cs formation and takes out the A high we will be reversing trend on the 1h chart.
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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