EUR/USD – follow
me on twitter @fxdailyforecast
No trade setup on Euro yesterday, price rallied and came
1 pip shy of the 618.
FOR TODAY:
We need a test of the 618 followed by a bearish cs
formation to sell, else long trades are only considered if we get a dip and a
bullish cs formation.
SHORT: WILL
ONLY BE GOING SHORT IF:
We need price up at the 618/786 of this swing followed by
a bearish cs formation for a short trade setup. Stops will be 13 pips above the
cs formation, limits defined at time of 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
We need a dip followed by a bullish cs formation for a
long trade setup. Stop 10 pips below the low, limits 70pips or the 786 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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