EUR/USD – follow
me on twitter @fxdailyforecast and stocktwits.com/fxg
Price tested the 618 yesterday and fell but didn’t not
sustain the fall beyond the B low.
FOR TODAY:
Today we will look to see if the B low gets broken, or if
we find support at the B low again for a rally.
A sustained break of 2389 negates this view and continues
the uptrend.
If we don’t get the setup we are looking for then we
don’t trade.
SHORT: WILL
ONLY BE GOING SHORT IF:
We get a rally followed by a clear bearish cs formation
for a short entry. Place stop 13 pips above the cs formation, max 1% risk.
Limits 70 pips for the 618 entry.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: WILL ONLY
BE GOING LONG TODAY IF
Price finds support at the B low and bounces off that
level, price will then be heading for 2344.
If we don’t get the setup we are looking for then we
don’t trade.
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