Price found resistance at Fridays highs as
per yesterday’s post, we needed something clearer to give us direction, by
taking out yesterday’s lows we now have a clearer setup. We now looking for the
A low to get taken out with price continuing the downtrend. Look to sell
rallies after bearish cs formations with A low as targets.
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are tweeted.
Will be going long if:
No immediate long trade setups. Since we had failure circa
BF, we are expecting 1.0220 to get violated today. ONLY a really strong clear
bounce out of the 1.0220 area will have us looking to the upside.
Will be going short if:
Price gave us a bearish cs formation at Friday’s highs (we didn’t
take it because of the conflicting areas mentioned yesterday). We now look for
price to fall and violate 1.0220. Sell rallies against yesterday’s highs followed
by clear bearish cs formations for 1.0220.
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