EUR/USD
No Trade setup on EUR yesterday.
Price broke the B low yesterday giving us a new A-4287, B-4058 swing again; there have been no retracements giving us opportunities to enter on rallies.
Today we will wait for either a rally to the 618/786 and a bearish cs formation for a short entry, or see if price finds a base at the B low and gives us a bullish cs for a long trade setup.
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 a bullish cs formation from current levels while inside the B low. 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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