Price has retraced down to the A low, it
has poked through but has not sustained the break. If we get a bounce out of
this level then it will be a long trade setup. Else if price falls and breaks
the A low on a sustained basis then we will have continuation of the downtrend.
Will be going long if:
We are looking for a test of the low followed by a clear bullish cs formation for a
long trade setup. Place stop below the low of the cs formation, limits 100
pips.
Will be going short if:
No setups at present, stand aside.
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