EUR/USD – follow
me on twitter @fxdailyforecast and stocktwits.com/fxg
Price fell on Friday to test 2500 and has since rallied during the Asian session.
FOR TODAY:
We will sell a bearish cs formation while inside 2619.
Long trade setups are only considered down at the BF786.
A sustained break of 2619 will start the reversal process
on this timeframe.
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 clear bearish cs formation from current levels
or while inside the 2619 A high. Stops will be placed 13 pips above the cs formation,
max 1% risk, limits here will be at 2532.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: WILL ONLY
BE GOING LONG TODAY IF
We need price to retrace to the BF786 and then give us a
bullish cs formation. Stops will be 10 pips below the low of the cs formation,
max 1% risk, limits defined if the scenario presents itself.
If we don’t get the setup we are looking for then we
don’t trade.
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