EUR/USD – follow me on twitter @fxdailyforecast
We went long yesterday on the bullish cs formation, we are still in that long trade setup, stop at zero.
FOR TODAY:
We will be looking for dips to buy after bullish cs formations for a rally towards 3326.
A break of the 3078 low confirms the reversal on this timeframe.
SHORT: WILL ONLY BE GOING SHORT IF:
We get to the 3290 highs and price gives us a bearish reversal pattern, this would constitute a DD entry. Else we need price up at the 618/786 of this swing followed by a bearish cs formation for a short entry.
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
Because of the failure to break the 3078 lows yesterday, we are now looking for price to continue up. We will be looking to buy dips after bullish cs formations for limits at 3326. Stops will be 10 pips below the low of the cs formation.
If we don’t get the setup we are looking for then we don’t trade.
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