AUD/USD -
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Did not trade yesterday.
FOR TODAY:
Price fell overnight past the 618, we are now looking to
see if the 786 will offer support for a long entry. Short trades will only be
considered higher up at the BF786, which is very far off 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. Not an option for today since
its very far up.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: Will be
going long today only IF:
Since price fell through the 618 we will wait for a test
of the 786 followed by a clear bullish cs formation. Place stops 10 pips below
the low of the cs formation, max 1% risk, limits here will be 10 pips inside
the BF786 over coming sessions.
If we don’t get the setup we are looking for then we
don’t trade.
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