EUR/USD
No trade setup on EUR yesterday as there were no dips to
buy into.
Today we have the same scenario, we are looking for dips
to buy towards the 618 at 3716.
Else if price continues down then we will look for a
bullish cs formation at the BF786.
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 need to wait for a bearish cs formation 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 another DABF786 trading day, so we are looking
for dips to buy into with our stops below the cs formation.
Else if price continues down, we will look for a bullish
cs formation at the BF786. This would be a ST to the 618 up at 3716, since we
have 50 prior - stops below the cs
formation, max 50 pips.
If we don’t get the cs formations we are looking for then
we don’t trade.
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