NO CHART FOR TODAYS FORECAST
GBP/USD – HOURLY CHART
Price took out the B low during Asia so we have a new AB swing in play. We need price up at the 618/786 for a sell, and a BF786 for a buy, both after cs formations.
SHORT: Will be going short only IF:
We get to the 618/786 of this AB swing and get 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. But price has been pretty sideways for the past few hours, maybe a test of the low and a bullish cs formation will be a better option, let’s wait and see.
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