AUD/USD -
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No trade setup on Aussie yesterday. Price did however
reach the 786 late in yesterday’s session.
FOR TODAY:
Price bounced out of the 786 yesterday and came back to
test it during the Asian session, seems like we have a bounce out of there
again, this could be defined as a DD entry and could be good for a nice rally
on this timeframe.
Short trades will only be considered higher up at the
BF786, after bearish cs formations.
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, this is very far away at present.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: Will be
going long today only IF:
Will look to see if UK session gives us another test of
the lows followed by a clear bullish cs formation for a long trade setup. 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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