AUD/USD - follow me on twitter @fxdailyforecast
No trade setup on Aussie yesterday.
FOR TODAY:
We can only buy after price hits the BF786 followed by a clear bullish cs formation.
Else short trades are considered up at the 618/786 of this swing.
SHORT: Will be going short only IF:
We get a rally to the 618/786 followed by a bearish cs formation. Place stop 13 pips above the high of the cs formation, limits advised upon entry.
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 will look to buy bullish cs formations after a test BF786. Stops will be 10 pips below the low of the cs formation, limits defined at time of entry.
If we don’t get the setup we are looking for then we don’t trade.
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