USDOLLAR -
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Price fell all the way down to the B low, today we will
look to see if price continues down.
FOR TODAY:
Today we will look to see if we get a pull-back followed by bearish resumption on this chart.
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 for a pullback followed by a bearish cs
formation for a short trade with price heading for the B low on a sustained basis.
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:
Long trades can be considered if we get a test of
yesterdays low followed by a clear bullish sc formation. Stops are 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.
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