EUR/USD
We had a hammer cs formation at 06h00 GMT yesterday, price rallied the 80 pips. I missed the opportunity.
Today we have a DABF786 trading day where we are looking
for price to extend its rally towards 3700. We will look to enter on dips
towards 3700.
(Since our ranges are wider these days we could consider
widening our limits to 80 pips per trade.)
SHORT: WILL
ONLY BE GOING SHORT IF:
We need price higher up at the 618/786 of this AB swing
before we can consider going short. We then wait for bearish cs formations as
confirmation of our short entry. Trade the stop above the cs formation, 50 pips
max, and limits for a 618 will be 80 pips and the BF786 will be a ST to the
BF786.
If we don’t get the cs formations we are looking for at
the fib levels then we don’t trade.
LONG: WILL ONLY
BE GOING LONG TODAY IF:
We have a DABF786 trading day, so we are looking for dips
to buy into with our stops below the cs formation, if we don’t get a dip and
price just rallies from current levels then we don’t trade. We will be patient
and wait for the dip.
If we don’t get the cs formations we are looking for then
we don’t trade.
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