Price
rallied to the 50 yesterday and fell to the BF zone. We already had a bullish
cs formation which tells us that price is likely to head for 1.0301 over coming
sessions. A break of 1.0182 negates this view and opens the downside. We will
not take the long entry presented as its not part of our system.
Follow me on twitter @fxdailyforecast where intraday updates
are tweeted.
Will be going long if:
No immediate long trade setups since we have no criteria in
place. Stand aside.
Will be going short if:
No trade setups at present, we need price higher at the
618/786 where we will look for signs of reversal.
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