Price gave us the B high, then fell down past the 618 actually, but came shy of the 786. In a case like this we like to wait for price to reach the 786. We will therefore wait for the 786 to get hit before we consider long trade setups. Remember we must have a bullish cs formation as confirmation.
We maintain our bullish bias while inside the A low.
Else a test of yesterday’s low followed by a bullish cs formation will be considered.
FOR TODAY: Will be going short if:
No short trade setups at present.
FOR TODAY: Will be going long if:
We are looking for a test of the 786 down at 1.0553 followed by a bullish cs formation for a long trade setup.
No comments:
Post a Comment