EUR/USD
No Trade setup on EUR yesterday.
Price went on to take out the B low at 3971, giving us a new B low overnight. We are close to BF786 territory on this pair where we will look to buy if we get a bullish cs formation after hitting it.
Else if price just continues down without a bullish cs formation and takes out the B low, then we will have to wait for a new B to form, and then start all over with a new AB swing.
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 after hitting the BF786, trade this for 60 pips limit since it’s a shallow bounce, stop below the cs formation – 50 pips max.
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