GBP/USD – HOURLY CHART
We are still in the same AB swing from two days ago, price bounced off the 786 yesterday and has rallied a bit late US session. Today we will wait to see if we either get a dip and a bullish cs formation for a long trade (DA786), or if price just rallies from current levels and finds resistance at the BF786.
SHORT: Will be going short only IF:
We get a bearish cs formation after hitting the BF786. Trade this for as a PT to the A low since we would have already have had a 786 bounce.
LONG: Will be going long today only IF:
We get a dip and a bullish cs formation; this will constitute a DA786 trading day. This will be a PT, with the limit set at the BF786.
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