AUD/USD -
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No trade setup on Aussie on Friday, price bounced off the
382 with a gap open overnight.
FOR TODAY:
Price is in BF territory, a clear bearish cs formation
will initiate a short trade setup.
Long trades will require a retracement down to the
618/786 followed by bullish cs formations.
If we don’t get
the setup we are looking for then we don’t trade.
SHORT: Will be
going short only IF:
We need a clear bearish cs formation from current levels
or while inside the B high. Trade this for 60-70 pips. Stop will be 13 pips above the cs formation, max 1% risk.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: Will be
going long today only IF:
We need a retracement down to the 618/786 followed by a
clear bullish cs formation.
If we don’t get the setup we are looking for then we
don’t trade.
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