EUR/USD – follow me on twitter @fxdailyforecast
No trade setup yesterday, price consolidated and found support around 3160.
FOR TODAY:
Price dipped through the A low on the 1h chart, but that level is also a 618 on the 4h chart. We will look to see if we get a test of that level and a bullish cs formation for a long entry, violation of 3159 opens the downside toward 3083.
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 after price hits 3177 for a long trade setup. 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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