GBP/USD 1H CHART
We had a bearish cs formation after the BF786 which failed and lost us 50 pips, we then got another bearish cs formation, which we are currently still in from 6140. Limits set at 5998.
Today we have a DA786 trading day, we expect price to fall down to the 50 level today. Any bullish cs at or around the 50 will constitute a long trade setup as it will confirm a support at that price level.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a bearish cs formation, trade this as a PT down to the 50 level since we have a DA786 trading day today.
LONG: WILL ONLY BE GOING LONG TODAY IF:
Price falls to the 50 and gives us a bullish cs formation, trade this for 100 pips since we will have a DD at the 50 then, else a bullish cs after hitting the 618/786.
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