Price fell as per our Friday analysis and limited us out
with 118 pips on that short trade. We now have to wait for a B low to form
before we can draw new fibs. We will then look for a short entry at the
618/786.
We maintain this bias until the 690 level is violated.
Only then do we look at a reversal on this time-frame.
FOR TODAY: Will be going short if:
We first need a B low to form before we can draw fibs on
this pair. After that we will look for a 618/786 followed by a clear bearish cs
formation for a short entry.
FOR TODAY: Will be going long if:
No long trades at present as we broke the low. There are
no other criteria in place for long trade setups.
No comments:
Post a Comment