EUR/USD – follow
me on twitter @fxdailyforecast and stocktwits.com/fxg
No trade setup on Euro yesterday, we seem to have a B
swing low down at 2680.
FOR TODAY:
With the swing low in place we can now sell up at the
618/786 of this AB swing after bearish cs confirmations, or buy after price
tests the BF786 followed by a bullish cs formation.
If we don’t get the setup we are looking for then we
don’t trade.
SHORT: WILL
ONLY BE GOING SHORT IF:
We need price to retrace up to the 618/786 of this AB
swing, followed by confirming bearish cs formations for short entries. Place
stop 13 pips above the cs formation, max 1% risk. Limits defined later.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: WILL ONLY
BE GOING LONG TODAY IF
Price needs to test the BF786 and then give us a bullish
cs formation for a long entry. Stops will be placed 10 pips below the cs
formation, max 1% risk, limits will be
60-70 pips.
If we don’t get the setup we are looking for then we
don’t trade.
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