Price fell back to the 1.0208 area as per Friday’s
analysis. We are still waiting for a 618 entry for a long trade setup. If this
area doesn’t hold, we have a 786 lower down. Only a sustained break of 1.0300 negates this view and confirms the start
of an uptrend.
Will be going long if:
We need a retracement to the 618 where we will look for a
long entry.
Will be going short if:
No short setups at present as we are in the process of a
reversal, stand aside.
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