EUR/USD
Price reached our limit at 3220 and even beyond taking out the A high resuming the uptrend on this timeframe. Those who stayed in profited 242 pips from both entries on EUR.
FOR TODAY:
We now need a new B high to have a new AB swing, with the A being down at 3025. We will only look to buy at the 618/786, or sell a BF786, both of which will have to wait for a B to form first.
SHORT: WILL ONLY BE GOING SHORT IF:
We first need a B to form, until then we cannot look for any BF trade setups. Probably not in today’s session.
I will tweet(@fxdailyforecast) if a set-up develops.
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 first need a B to form before we can draw fibs and ascertain where the 618/786 is. Until then no trade setups.
I will tweet(@fxdailyforecast) if a set-up develops.
If we don’t get the setup we are looking for then we don’t trade.
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