EUR/USD – follow
me on twitter @fxdailyforecast and stocktwits.com/fxg
No trade setup yesterday, price fell and gave us a new B
for the AB swing.
FOR TODAY:
We will have to wait for a retracement to the 618/786 and
a bearish cs formation for short entries.
Long trades are considered if we get a clear bullish cs
formation from current levels.
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 a retracement back to the 618/786 fib areas followed
by a bearish cs formation for a sell entry
If we don’t get the set-up we are looking for then we
don’t trade.
LONG: WILL ONLY
BE GOING LONG TODAY IF
We have been at the B low since the late US session yesterday. If we get a bullish cs formation from current levels it will
still be considered a long entry. Stops will be 10 pips below the low of the cs
formation, max 1% risk, limits can be 70-80 pips.
If we don’t get the setup we are looking for then we
don’t trade.
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