EUR/USD
No Trade setup on Friday on EUR.
Price gave us a new AB swing on Friday by taking out the B low and then again taking out the B low during Asia. We now have to wait for a BF786 to buy or a 618/786 to sell, both after cs formations.
SHORT: Will be going short only IF:
Price rallies to the 618/786 and gives us a bearish cs formation, trade the 618 for 60 pips profit and the 786 will be a PT to the BF786. Stops above the cs formations, 50 pips max.
LONG: Will be going long today only IF:
We get to the BF786 and then get a bullish cs formation. Trade this for a 60 pip limit since it’s a shallow bounce. Stops below the cs formation, 50 pips max.
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