Price broke the 7085 we mentioned last week but we don’t have a B high as yet. We will have to wait for 2 more candle which is 8 hours away at the least. Once we have the B high we will wait for a retracement to the 618/786 fib area where we will be looking for a long trade setup after a bullish cs formation.
FOR TODAY: Will be going short if:
No short trade setups, if price falls we will stand aside as we are looking for long entries lower down circa the 618/786. But at present we are still waiting for the B high to form.
FOR TODAY: Will be going long if:
After we get the B high we will draw fibs and wait for price to pullback to the 618/786 after which we will look for a bullish cs formation for a long trade setup
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