EUR/USD – follow
me on twitter @fxdailyforecast and stocktwits.com/fxg
Price bounced off the BF786 yesterday but it was after
our trading session. We will look to buy dips today.
FOR TODAY:
Today will be a DABF786 trading day where we look for
price to extend to at least 3160. We look to buy after a dip and a bullish cs
formation.
If we don’t get the cs formations we are looking for then
we don’t trade.
SHORT: WILL
ONLY BE GOING SHORT IF:
We will only consider short trade setups if we get
bearish cs formations circa 3150/60. Stop will be 13 pips above the cs
formation, max 1% risk. Limits defined at 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 get a dip followed by a bullish cs formation. Place
stop 10 pips below the low of the cs formation, max 1% risk. Limits for this trade
will be at 3153.
If we don’t get the setup we are looking for then we
don’t trade.
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