EUR/USD – follow
me on twitter @fxdailyforecast and stocktwits.com/fxg
Price gave us the bearish entry we were looking for
yesterday, we exited the short trade with 47 pips profit.
FOR TODAY:
We had a BF786 bounce overnight which qualified for a
long entry, we went long and are still in this trade with limits set at 2613.
Short trade entries are only considered after bearish cs formations circa 2620.
A sustained break of 2623 will start the reversal process
on this timeframe. A fall back below 2495 will continue the downtrend.
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 rally to yesterday’s highs followed by a bearish
cs formation for a short entry. Stops will be 13 pips above the high of the cs
formation, max 1% risk, limits will be down at the BF786.
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 are currently long this pair with limits set at 2613,
stops are 10 pips below the cs formation, max 1% risk.
If we don’t get the setup we are looking for then we
don’t trade.
No comments:
Post a Comment