AUD/USD -
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No trade setup on Friday, price came a few pips shy of
the BF entry point.
FOR TODAY:
Price is currently at the 618 and has given us a bullish
cs formation, we are thus long on this pair at present.
If we don’t get the setup we are looking for then we
don’t trade.
SHORT: Will be
going short only IF:
Price reaches the BF786 and gives us a bearish cs
formation. Place stop 13 pips above the cs formation, max 1% risk. Limits
defined then.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: Will be
going long today only IF:
We are long this pair since we have a bullish cs
formation at the 618. Stops are 10 pips below the cs formation, max 1% risk.
Limits here will be 50-60 pips.
If we don’t get the setup we are looking for then we
don’t trade.
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