EUR/USD
No trade setup on EUR yesterday.
Price has taken out the B low on this pair yesterday and it
seems that for now we have a B in place. We can only sell up at the 618/786 of
this swing, or buy if we get a test of the BF786 and a bullish cs formation.
SHORT: WILL
ONLY BE GOING SHORT IF:
We need price higher up at the 618/786 of this AB swing
before we can consider going short. We then need a bearish cs formation as
confirmation of our short entry. Trade the stop above the cs formation, 50 pips
max, and limits for a 618 will be 80 pips and the BF786 will be a ST to the
BF786.
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 a swing high, then a pullback to the BF786 and a
bullish cs formation for a long trade setup. We will wait and see if we get a
test of the BF786 or the lows and a bullish cs formation for a long trade
setup.
If we don’t get the setup we are looking for then we
don’t trade.
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