AUD/USD - follow me on twitter @fxdailyforecast
No trade setup on Aussie yesterday. Price made its way down, and we are close to the A low of this swing.
FOR TODAY:
We will be looking to buy at current levels after a clear bullish cs formation.
A break of the low will signal a reversal on this time frame.
SHORT: Will be going short only IF:
We get a rally to the BF786 and price then gives us a bearish cs formation. Place stop 13 pips above the high of the cs formation, limits advised upon entry.
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 buy a clear bullish cs formation from current levels, or while inside the A low. Place stop 10 pips below the low. Limits for this entry will be a ST to the BF786.
If we don’t get the setup we are looking for then we don’t trade.
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