AUD/USD -
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No trade setup on Aussie yesterday. Price rallied to the
86 of the swing.
FOR TODAY:
We are in sell territory, if we get a bearish cs
formation from current levels we will enter a short trade.
Else if price just rallies and breaks the 1.0560 highs on
a sustained basis then we will have a reversal on this time frame.
SHORT: Will be
going short only IF:
We need a bearish cs formation from current levels, or
while inside the 1.0560 highs for a short trade setup. Place stop 13 pips above
the high of the cs formation, limits at 1.0463
If we don’t get the set-up we are looking for then we
don’t trade.
LONG: Will be
going long today only IF:
We will look to buy after a dip and a bullish cs
formation. Else we look to buy down at
the 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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