EUR/USD
As per yesterday's analysis, we entered short after the bearsh cs formation and limited out at 50 pips profit. Price went on to take out the B low giving us a new AB swing.
FOR TODAY:
We have to wait for a B to form, only once we have a B can we ascertain where the 618/786 will be for short entries.
SHORT: WILL ONLY BE GOING SHORT IF:
We first need a B to form, and then we need price to retrace to the 618/786 and then give us a bearish cs formation for a short trade setup. Stop above the high of the cs formation, max 1.5% risk, limits will be defined later.
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 need a B to form, so no long set-ups in this session. Will tweet if something develops during US session.
If we don’t get the setup we are looking for then we don’t trade.
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