EUR/USD – follow
me on twitter @fxdailyforecast and stocktwits.com/fxg
Price tested the B low on Friday and bounced off it and
has since rallied to the 786 of the swing.
FOR TODAY:
We will look for a bearish cs formation, maybe after a
test of the 786 again for a short entry.
Long trades are only considered down at the BF786.
If we don’t get the setup we are looking for then we
don’t trade.
SHORT: WILL
ONLY BE GOING SHORT IF:
Short trades can be considered after a test of the Asian
high followed by a clear bearish cs formation.
A sustained break of 2296 negates this outlook and starts
a reversal on this timeframe.
If we don’t get the set-up we are looking for then we
don’t trade.
LONG: WILL ONLY
BE GOING LONG TODAY IF
We need a test of the BF786 followed by a clear bullish
cs formation for a long trade setup.
If we don’t get the setup we are looking for then we
don’t trade.
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