EUR/USD – follow
me on twitter @fxdailyforecast and stocktwits.com/fxg
Price rallied to break the B high on Friday giving us a
new AB swing.
FOR TODAY:
Price retraced but didn’t get to the 786 as yet, we will
wait for a retracement to the 786 where we will look for support and a bullish
cs formation.
A sustained break of 2241 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:
No short trade set-ups unless we get failure circa 2365.
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 down to the 786 followed by a bullish cs formation
for a long trade setup. Place stop 10 pips below the low of the cs formation,
max 1 % risk.
If we don’t get the setup we are looking for then we
don’t trade.
No comments:
Post a Comment