EUR/USD
No Trade setup on EUR yesterday.
We are still in a downtrend on the 1H chart. We have a B
low that formed Monday giving us our current AB swing. Price rallied to the 618
overnight, we will sell a test of that level today if we get a bearish cs after
that test, or else if price rallies higher to the 786 and
we get a bearish cs formation there then we will short.
Else long trade setups are only considered once we get to
the BF786 and price gives us a bullish cs formation.
If we don't get our cs formations at our fib levels then we don't trade.
SHORT: Will be
going short only IF:
We get a test of the 618 and then a bearish cs formation;
trade the 618 for 60 pips profit. Else if price rallies up to the 786 and then
gives us a bearish cs formation, this will be a ST to the BF786. Stops above
the cs formations, 50 pips max.
LONG: Will be
going long today only IF:
Price gets down to the BF786 and then gives us a bullish
cs formation. Trade this as a ST to the 786. Stops below the low – max 50 pips
stop.
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