Price rallied past the 618 onto the 786 of
this swing, where it found resistance and fell a bit. Today is a DA786 trading day
where we will be looking for a test followed by another bearish cs formation
for a short entry. Else if price rallies and doesn't give us any bearish cs
formations, and violates 5220, then we start a reversal on this pair.
Follow me on twitter @fxdailyforecast where intraday updates
are tweeted.
Will be going long if:
No long setups, no criteria in place.
Will be going short if:
We need a clear bearish cs formation, preferably after a
minor 618 test for a short trade setup. Only a sustained break of 5220 negates
this view and starts a reversal on this pair.
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