AUD/USD -
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We had the bearish cs formation at the 618 as mentioned
yesterday – but the stop was too big and price never tested it again. Price
went on to rally past our 1.0338 level mentioned yesterday.
FOR TODAY:
Price broke the B low giving us a new A up at 1.0464 and
we are still waiting for a B swing low to form. Until we have that we cannot do
anything.
If we don’t get the set-up we are looking for then we
don’t trade.
SHORT: Will be
going short only IF:
No setup here since we don’t have a swing low yet.
If we don’t get the set-up we are looking for then we
don’t trade.
LONG: Will be
going long today only IF:
No trade set-up since we need a swing low first.
If we don’t get the set-up we are looking for then we
don’t trade.
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