EUR/USD
Eur gave us the bullish cs formation we were looking for yesterday, but it failed and we lost 30 pips, price went on to take out the A lows doing a reversal on the 1h time frame.
FOR TODAY:
We now have a new B low down at 3160, we can only buy on a BF786 after a bullish cs formation, or sell up at the 618/786 of this huge AB swing.
SHORT: WILL ONLY BE GOING SHORT IF:
We rally to the 618/786 of this AB swing and then get a bearish cs formation. Stops above the cs formation, the 618 will be a 100 pip limit and the 786 will be a ST to the BF786.
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 get a test of the BF786 and thereafter we get a bullish cs formation. Trade this for 100 pips since it’s a shallow bounce. Stops below the cs formation.
If we don’t get the cs formations we are looking for then we don’t trade.
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