AUD/USD -
follow me on twitter @fxdailyforecast and stocktwits.com/fxg
The long entry yesterday lost 24 pips with
price taking out the 1.0335 low giving us a new AB swing. Price bounced sharply
off the 1.0303 low.
FOR TODAY:
We are at the 382 of the new AB swing. We need price at
the BF786 for a long trade setup, or up at the 618/786 for a short trade set-up.
So no immediate entries for today.
SHORT: Will be
going short only IF:
No short setups on this pair at present. We need price up at the 618/786 for a short
setup.
If something materializes I will post on
stocktwits.com/fxg.
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 need a dip to the BF786 followed by a bullish cs
formation for a long trade setup. Will post on stocktwits if it materializes.
If we don’t get the setup we are looking for then we
don’t trade.
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