GBP/USD
We got our bearish cs setup, but it was too late on Friday afternoon so we never took that trade setup, would prefer not to be in a position over the weekend if the entry appears so late in the day.
Price rallied and tested the B high during Asia and has since fallen back a bit. Looking for a test of the high during the UK session. Else if price rallies and takes out the B high, then we will have a new AB swing.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a bearish cs formation after testing the high today. This will be a 60 pip limit since it’s a shallow bounce.
LONG: WILL ONLY BE GOING LONG TODAY IF:
Price falls down to the 618/786 and gives us a bullish cs formation. Trade the 618 for 60 pips and the 786 as a PT to the BF786.
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