Tuesday 5 March 2013

EUR/USD 5 MARCH 2013



Price went sideways for most of the day yesterday; we are currently at the 382 of the current AB swing. We need price up at the 618/786 of the swing for a short entry. We look at reversal once we take out the A high.

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Will be going long if:
No long setup at present. We don’t have any entry criteria for long trades at present, stand aside.

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 A high starts a reversal on this time frame.

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