GBP/USD
6142 entry was limited out at 6042 yesterday. We got another entry at 6100 yesterday after a bearish cs formation, which we were stopped out for 28 pips, and then another bearish cs formation which fell to the 6010 limit and gave us 90 pips profit, along with Fridays 100 pip profit which we exited at 6042 as well.
Price bounced midway between the 382 and 50 yesterday, we looking to sell up at the BF786, or buy at the 618/786, both after cs formations.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a bearish cs formation after hitting the BF786, PT this to the 50 since we would have had a 382 prior.
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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