AUD/USD -
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No trade setup on Aussie yesterday. Price fell to test
the BF but never gave us a bullish cs formation.
FOR TODAY:
We need to wait for a B swing low to form before we can
do anything. We will then need to wait for a retracement to the 618/786
followed by a bearish cs formation for a short trade setup.
No long trade setups – we don’t even have a B low yet.
If we don’t get the setup we are looking for then we
don’t trade.
SHORT: Will be
going short only IF:
Once we have an established B low in place we will have to wait for price to
retrace to the 618/786 of this AB swing and gives us a bearish cs formation. Stops
are 13 pips above the cs formation, max 1% risk. Limits defined at time of
entry.
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 long trade setups according to the system, we have to
wait for an established B swing low first.
Probably not in today’s session.
If we don’t get the setup we are looking for then we
don’t trade.
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