EUR/USD
No trade setup on EUR yesterday. We never got the dip we were looking for to enter the rally.
FOR TODAY:
We now have a new AB swing in play, a big one. We have to now wait for a BF786 for a short entry, or a long entry at the 618/786 of this swing.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a rally and a bearish cs formation after hitting the BF786. Trade this for 100 pips since the prior bounce will be less than a 382.
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's 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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