AUD/USD -
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Price gave us the dip we were waiting for yesterday and
we entered a long position and was limited out for 52 pips profit.
FOR TODAY:
We are now close to the B high; we will wait for either a
bearish cs formation for a short setup, or a break of the B high for
continuation of the trend.
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 if we get a clear bearish cs formation
since we have already passed the BF786. A break of 1.0328 negates this view and
opens the upside.
If we don’t get the set-up we are looking for then we
don’t trade.
LONG: Will be
going long today only IF:
We might establish long positions on dips, only if a
clear setup presents itself.
If we don’t get the setup we are looking for then we
don’t trade.
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