GBP/USD – HOURLY CHART
Price found resistance at the 86 yesterday and has fallen back since, today will be a DA86 trading day, we will look for a rally and another bearish cs formation to sell. Target BF786. Will only be looking for long trade setups once the BF786 has been hit and we get a bullish cs formation.
SHORT: Will be going short only IF:
We rally a bit and get a bearish cs formation, this will constitute a DA86 trading day which will be a PT down to the BF786.
LONG: Will be going long today only IF:
We get a bullish cs formation down at the BF786. Trade that as a PT to the A high.
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