USDOLLAR -
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Price fell but then bounced to test the previous day’s
highs again. Today we will wait to see if we get a fall, or if price rallies
for the highs.
FOR TODAY:
A clear bearish rejection while inside 10.193 will
initiate a short trade setup. A violation of of 10.193 will open the upside and
give us a new AB swing.
If we don’t get
the setup we are looking for then we don’t trade.
SHORT: Will be
going short only IF:
We will be looking for another stab at the highs followed
by a clear bearish cs formation telling us we’re heading lower down.
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:
No long trade setups at present. A violation of 10.193 opens the upside and
gives us a new AB swing.
If we don’t get the setup we are looking for then we
don’t trade.
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