GBP/USD
No trade setup on Sterling yesterday.
We have a new bullish AB swing in play, we have a very aggressive trend in play here, we might not get any entries if we wait for the 618/786 as entry points. We will buy clear bullish cs formations after dips, even if they are not at the 618/786.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a bearish cs formation at the BF786 after a swing low, we don’t have that as yet, price went sideways for the past few hours, we need a swing low before the BF786 to qualify as an entry. This will be a 60 pip limit since it’s a shallow bounce. Watch out that we get a fall and then a bullish cs formation, if this happens reverse and go long.
LONG: WILL ONLY BE GOING LONG TODAY IF:
Price gives us a bearish cs formation and then suddenly reverses and forms a bullish cs formation. This will be the signal to go long, else 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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