AUD/USD -
follow me on twitter @fxdailyforecast and stocktwits.com/fxg
Price took out the B yesterday low giving us a new AB
swing.
FOR TODAY:
We can only buy after a test of the BF786 followed by a
clear bullish cs formation.
Shorts can be considered if we get a clear bearish cs formation
from current levels since we have already hit the 618, else higher up at the
786.
If we don’t get
the setup we are looking for then we don’t trade.
SHORT: Will be
going short only IF:
Price has already rallied to the 618, if we get a clear
bearish cs formation from current levels it will initiate a short trade setup,
else we look higher up to the 786 for bearish cs formations. Place stop 13 pips
above the cs formation, max 1%, limits define later.
A sustained break of 1.0076 will start a bullish reversal
on this timeframe.
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 test of the BF786 followed by a clear bullish
cs formation for a long trade setup. Limits here will be 1.0053. Place stops 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