EUR/USD – follow me on twitter @fxdailyforecast
Our long trade was stopped out yesterday with price giving us a new B low.
FOR TODAY:
Price rallied to the 50 of the AB swing late in yesterday’s session and just broke that B low in the last hour. This should open the downside towards 2975. Aggressive traders can sell the break of the low with 2975 in mind.
SHORT: WILL ONLY BE GOING SHORT IF:
Aggressive traders can sell the break of the low with 2975 in mind, else no short trade setup until we have a rally and a bearish cs formation.
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 bullish support from current levels for a long trade setup, else since we have already broken the 3051 lows we need to wait for a new B to form.
If we don’t get the setup we are looking for then we don’t trade.
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