AUD/USD - follow
me on twitter @fxdailyforecast and stocktwits.com/fxg
We are still in an uptrend on this pair. Price retraced just
past the 618 of this AB swing thus far and has rallied without giving us
another entry.
FOR TODAY:
We will look to buy after dips followed by a bullish cs
formation for a long trade setup.
Shorts are considered after a BF786 test followed by a
bearish cs formation.
A sustained break of 9995 will start the reversal process
on this timeframe. A violation of 1.0328 opens the upside on this pair.
If we don’t get the setup we are looking for then we
don’t trade.
SHORT: Will be
going short only IF:
Shorts are considered after a BF786 test followed by a
clear bearish cs formation.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: Will be
going long today only IF:
Today is a DA618 trading day where we will look for dips
followed by a bullish cs formation for a long trade setup. Limits here will be
50-60 pips or the BF786, whichever comes first, stops are placed 10 pips below
the low of the cs formation.
If we don’t get the setup we are looking for then we
don’t trade.
No comments:
Post a Comment