US DOLLAR 9 JULY 2012

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We are at resistance at present, a clear bearish cs formation here will drive price lower, a violation of 10.193 will open the upside to further dollar rallies.

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:

Shorts are considered after clear bearish cs formations while inside 10.193 telling us price could be going lower.

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.

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