AUD/USD -
follow me on twitter @fxdailyforecast and stocktwits.com/fxg
No trade set-up on Aussie yesterday.
FOR TODAY:
Price is at the B low of this AB swing, if we get a
bounce out of current levels it will qualify as a long trade set-up.
Else a sustained break of the 1.0335 lows will continue
the bearish trend on this time-frame giving us a new B low and thus a new AB
swing.
If we don’t get the set-up we are looking for then we don’t trade.
SHORT: Will be
going short only IF:
No short setups on this pair at present. If something
materializes I will post on stocktwits.com/fxg.
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 a clear bullish cs formation from current levels
or while inside the 1.0335 lows. Limits on this trade will be at 1.0562 over
coming sessions being a ST. 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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