Price bounced off the 618 and gave us a bullish cs
formation as can be seen on this chart. We have entered a long position with
stops 50 pips below. Limits are 120 pips.
We maintain our bullish bias while inside the A low holds. Only
a sustained break of the low negates this outlook.
FOR TODAY: Will be going short if:
No short trade setups at present. We will look for a BF (explained in course) at higher levels that might initiate a short trade, but for now its not
present.
FOR TODAY: Will be going long if:
Price fell down to test the 618 and gave us a bullish cs
formation. We are therefore long, stops 50 pips below, limits 120 pips.
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