Wednesday, 18 July 2012

US DOLLAR 18 JULY 2012


USDOLLAR - follow me on twitter @fxdailyforecast and stocktwits.com/fxg
Price rallied yesterday and then fell back to where we were yesterday this time.

FOR TODAY:
We will wait to see if yesterdays low holds and a DD entry, or if we get a test of the 786 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 setups at present.

If we don’t get the setup 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 yesterdays lows, or lower down at 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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