EUR/USD – follow me on twitter @fxdailyforecast
We traded short yesterday and limited out at 70 pips profit. Price fell further almost to the 618 of the AB swing.
FOR TODAY:
Today is a DA86 trading day; we are looking for price to continue down, looking to enter after rallies and a bearish cs formation.
SHORT: WILL ONLY BE GOING SHORT IF:
We are looking for a rally and a bearish cs formation for a short entry, place stop 13 pips above the high of the cs formation, limits down at 3260.
If we don’t get the cs formations we are looking for then we don’t trade.
LONG: WILL ONLY BE GOING LONG TODAY IF
We need price to bounce off the 618/786 followed by a bullish cs formation. Stop 10 pips below the low of the cs formation, limits for the 618 entry will be 70 pips, and the 786 will be a ST.
If we don’t get the setup we are looking for then we don’t trade.
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