EUR/USD – follow
me on twitter @fxdailyforecast and stocktwits.com/fxg
Price fell on Friday without giving us the rally and a
bearish cs formation.
FOR TODAY:
We now have a new AB bearish swing in play, with
resumption of downtrend on this timeframe. We need to wait for a retracement up
to the 618/786 of this swing for a short setup.
Since we had a gap open, long trades are considered if we
get a clear bullish cs formation to close the gap.
If we don’t get the setup we are looking for then we
don’t trade.
SHORT: WILL
ONLY BE GOING SHORT IF:
We need a retracement to the 618/786 oif this swing for a
short trade setup.
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 had a gap open last night, if we get a clear bullish
cs formation we might get a rally to close the gap. Tis could be an opportunity
to grab some 20-30 pips.
If we don’t get the setup we are looking for then we
don’t trade.
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