US DOLLAR 25 JULY 2012

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Price rallied past the 618 of the AB swing thus far, we are midway to the 786.

FOR TODAY:

With the break of the 618, we are looking to the 786 to offer resistance, unless this bearish cs holds.

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 wait to see if this bearish cs holds since its midway between the 618 and 786, if it doesn’t then we look to the 786 higher up.

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 trades at present.

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