GBP/USD 1H CHART
No trade setup yesterday, with huge AB swings this is usually the case, it takes a bit longer.
Price hit the BF786 during Asia. If we get a bearish cs formation now we will short it for 100 pips since the swing is a big one. Else if price just rallies up we will have a new AB swing setup again.
SHORT: WILL ONLY BE GOING SHORT IF:
We need a bearish cs formation for a short trade since the BF786 has been hit during Asia already. Trade this for 100 pips since it’s a big AB swing.
LONG: WILL ONLY BE GOING LONG TODAY IF:
Price falls to the 618/786 and gives us a bullish cs formation, trade the 618 for 100 pips since it’s a big AB swing, and the 786 entry will be a PT to the BF786.
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