EUR/USD
Price bounced off the 86 level but we are basically back where we were yesterday. We need another bearish cs formation to push price down a bit. With NFP volatility can cause havoc.
FOR TODAY:
We will look for a fall today, maybe after a test of yesterday’s highs again. The uptrend will resume on violation of 3232, below that our sentiment remains short.
SHORT: Will be going short only IF:
Price already hit the 86 followed by a bearish cs formation. Today will be a DA86 trading day where we will be looking for continuation of the fall. Limits for this entry is still 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 can only trade long on a BF786; which is way down at 3066. Else bullish trend setups will resume on a break of the 3232 high, which will open the upside again.
If we don’t get the setup we are looking for then we don’t trade.
No comments:
Post a Comment