Price found resistance at the PS/R
level mentioned yesterday and fell, we are not in the BF area as yet, and even
if we do hit it we don’t have any entry criteria as we reached the 50 only. So
no trade opportunities on this pair today. If price falls from current levels
and takes out the B low then we have a new swing in play.
Will be going long if:
No long setup at present. We don’t have any entry criteria
for long trades at present, stand aside.
Follow me on twitter @fxdailyforecast where intraday updates
are tweeted.
Will be going short if:
We need a retracement to the 618/786 where we will be
looking for short trade setups. A
sustained break of the B low gives us a new swing in play.
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