AUD/USD
Price gave us the bearish cs formation at the 786 yesterday. We shorted on a test of the cs formation and limited out during Asia with 54 pips profit.
FOR TODAY:
Price confirmed the start of a downtrend on this timeframe by taking out the B low at 737. We now have to wait for a B to form, then a retracement and a bearish cs formation at the 618/786 for a short trade setup.
SHORT: Will be going short only IF:
No shorts today, we need a B to form first. Will tweet if something develops.
If we don’t get the setup we are looking for then we don’t trade.
LONG: Will be going long today only IF:
No long trade setup, we need a B to form first.
If we don’t get the setup we are looking for then we don’t trade.
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