EUR/USD – follow
me on twitter @fxdailyforecast and stocktwits.com/fxg
No trade setup on Euro yesterday, price fell to test
the B low during the Asian session and it’s still in that area.
FOR TODAY:
We can only sell up at the 618/786 of this swing.
Price is currently in buy territory and we will go long ONLY IF we get a bullish cs
formation from current levels.
A break of the 2954 B low will start a new AB
swing.
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
We are in buy territory BUT will need a bullish cs formation for a long trade
setup. Place stop 10 pips below the cs formation, max 1% risk. Limits will be
at 3082.
If we don’t get the setup we are looking for then we
don’t trade.
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