GBP/USD – HOURLY CHART
We have a new bearish AB swing Sterling. Price has retraced a bit but we are not even at the 382 yet. We can only sell at the 618/786 or buy at the BF786, both after cs formations.
SHORT: Will be going short only IF:
We get to the 618/786 of this AB swing, which for now is far away. Once/if we get there, we can only sell after a bearish cs formation.
LONG: Will be going long today only IF:
Price hits the BF786 and gives us a bullish cs formation , trade this for 60 pips since it’s a shallow bounce.
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