EUR/USD
No trade setup yesterday, price bounced at gave us a BF786 after our trading session.
FOR TODAY:
We will look to see if we get a test of that evening star today and another bearish cs formation for a short entry.
Else if price takes out the B high we will have a new AB swing in play and start all over again.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a test of the high and a bearish cs formation after that, trade stop above the cs formation 50 pips max. Limits must be 80-100 pips since it’s a shallow bounce.
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 need price down at the 618/786 for a long entry opportunity, which for now is quite far away.
If we don’t get the setup we are looking for then we don’t trade.
No comments:
Post a Comment