Monday, 5 March 2012

EUR/USD 5 MARCH 2012



EUR/USD – follow me on twitter @fxdailyforecast
No trade setup on Friday, price dipped  and found support around 3186.

FOR TODAY:
We are at the A low of the AB swing, we will buy a clear bullish cs formation if we get one from current levels.
  
SHORT: WILL ONLY BE GOING SHORT IF:
No short trade setups, stand aside.

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 clear bullish cs formation from current levels. Stop 10 pips below the low of the cs formation, limits here will be at the BF786, it will be a ST setup.

If we don’t get the setup we are looking for then we don’t trade.

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