EUR/USD
No trade setup on EUR on Friday. Price went sideways for both sessions.
FOR TODAY:
We had a big drop during Asia, just shy of the 618 of the current AB swing. We can only buy after price hits the 618/786 or sell up at the BF786.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a rally and a bearish cs formation after hitting the BF786. The limit will depend on the prior bounce.
If we don’t get the cs formations we are looking for then we don’t trade.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We can only go long at the 618/786 of this swing, that quite far off for now. Trade the 618 with a limit of 100 pips and the 786 will be a ST to the BF786. Stops below the cs formations, max 50 pips.
If we don’t get the setup we are looking for then we don’t trade.
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