EUR/USD – follow
me on twitter @fxdailyforecast and stocktwits.com/fxg
Price rallied sharply yesterday and poked through the A
high but hasn’t yet closed above it.
FOR TODAY:
Today will be a DAAH trading day where we will look for a
test of the high followed by a bearish cs formation for a short entry.
A sustained break of 2323 negates this view and starts a
reversal on this timeframe.
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 test of yesterdays high followed by a clear bearish
cs formation for a short trade setup, Place stops 13 pips above the high of the
cs formation, max 1% risk, limits at 2120.
A sustained break of 2323 negates this view and starts a
reversal on this timeframe.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: WILL ONLY
BE GOING LONG TODAY IF
We get a dip followed by a clear bullish cs formation,
this will serve as a test of yesterdays rally.
If we don’t get the setup we are looking for then we
don’t trade.
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