AUD/USD - follow me on twitter @fxdailyforecast
No trade setup on Aussie yesterday.
FOR TODAY:
Today is a DABF786 trading day; we are looking for dips and bullish cs formations to buy.
Else short trade setups are only considered once price hits the 1.0723 level.
SHORT: Will be going short only IF:
We get a rally to the 618/786 followed by 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 setup we are looking for then we don’t trade.
LONG: Will be going long today only IF:
Today is a DABF786 trading day, we are expecting price to rally, we will look to buy dips after bullish cs formations. Stops will be 10 pips below the low of the cs formation, limits here will be 60-70 pips since it’s a shallow bounce.
If we don’t get the setup we are looking for then we don’t trade.
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