AUD/USD
As per yesterday's analysis, price gave us the bearish cs formation after the test of the 777 high, we went short and profited 45 pips from the trade.
FOR TODAY:
Price is at the BF786, so a clear bullish cs formation here will initiate a long trade setup. A sustained break of the 628 low will give us a new AB swing.
SHORT: Will be going short only IF:
We need a test of the 777 highs or higher and a bearish cs formation for a short trade. Stops 14 pips above the cs formation, max 1.5% risk, limits will be at the BF786.
If we don’t get the setup we are looking for then we don’t trade.
LONG: Will be going long today only IF:
We a get a clear bullish cs formation from current levels, or lower down while inside the B low. Place stops 10 pips below the low of the cs formation, max 1.5% risk, limits set at 813, this will be a ST.
If we don’t get the setup we are looking for then we don’t trade.
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