Price gave us a bit of a bounce out of
support, nothing clear to buy as yet. Today we will look for a test of that
support and another bullish cs formation for a long entry. Once again, a fall
from current levels and a sustained break of the 2963 area will negate this
view and continue the downtrend.
Will be going long if:
We are in buy territory, although we have no entry as yet.
We are waiting for a bullish cs formation, maybe after a test of the lows
before we rally. Place stop 10 pips below the low, limits 3162.
Will be going short if:
Shorts will be considered on a minor 618 test followed by
bearish confirmation.
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