AUD/USD -
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No trade setup yesterday on Aussie yesterday. Price never
reached the 786.
FOR TODAY:
Today will be a DA618 trading day where we are looking
for price to continue down. We will look to sell after a rally and a bearish cs
formation.
We will buy if price hits the BF786 followed by a
bullish cs formation.
SHORT: Will be
going short only IF:
We get a rally followed by a clear bearish cs formation. Limits
will be at the BF786. Stops will be 13 pips above the cs formation, max 1%
risk.
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 need price to fall to the BF786 followed by a clear
bullish cs formation. Limits on this trade will be defined at time of entry.
Place stops 10 pips below the low of the cs formation, max 1% risk.
If we don’t get the setup we are looking for then we
don’t trade.
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