EUR/USD
No trade setup on EUR yesterday.
FOR TODAY:
Price went sideways for several hours yesterday and then fell. We are currently nearing support at the A low. If we bounce here we have a long trade setup, if we take out the low then we are starting a reversal on the 1h time frame.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a rally and a bearish cs formation after hitting the BF786. This is very far away so not a possibility for today.
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 get a bullish cs formation from current levels. This entry 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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