AUD/USD -
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Price gave us the bullish cs formation yesterday after
bouncing off the 786. We are still in that long trade setup.
FOR TODAY:
Today will be a DA786 trading day where we are looking
for price to extend, we are looking to buy after dips and bullish cs formations
until price reaches the BF786.
Else a fall and a break of the 1.0452 lows will open the
downside toward 1.0422.
SHORT: Will be
going short only IF:
Short trades are only considered once price hits the
BF786, until then we stand aside on short entries, or if we break the 1.0422 lows thereby reversing again.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: Will be
going long today only IF:
With today being a DA786 trading day we are looking for
price to continue the rally towards the BF786, we look to buy after dips and
bullish cs formations with limits set 10pips inside the BF786. We can only add
positions if our open trade is 50+ pips in the money.
If we don’t get the setup we are looking for then we
don’t trade.
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