Tuesday, 17 July 2012

US DOLLAR 17 JULY 2012


USDOLLAR - follow me on twitter @fxdailyforecast and stocktwits.com/fxg
Price retraced past the 618 so far just shy of the 786 of the AB swing thus far.

FOR TODAY:
We will wait for a retracement down to the 86 of this AB swing for a long entry. We have no short setups at present.

If we don’t get the setup we are looking for then we don’t trade.

SHORT: Will be going short only IF:
No short trade set-ups at present.

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:
We can consider a long position if price finds support at the 786 followed by a bullish cs formation.

If we don’t get the setup we are looking for then we don’t trade.

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