Price bounced off the382 and has since
fallen back, here we are looking for price to fall back to 1.0208 at least. We are
looking for a 618 for an entry to go long. A sustained break of the B high will
give us the start of a new uptrend.
Will be going long if:
No immediate long trade setups since we have no criteria in
place. Stand aside. We are waiting for a retracement down to the 618/786 for a
long entry.
Will be going short if:
Even though we are expecting price to fall down to 1.0208
initially, we have no short setups, we have a reversal in progress. Stand
aside.
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