GBP/USD
Didn’t trade Friday, NFP day.
Price rallied up to the 618 during Fridays US session after the release of NFP data. It has since fallen back from there and today we are looking for a DA618 trading day, looking to sell rallies. We can only consider long trades once we get to the BF786 and then get a bullish cs formation.
SHORT: WILL ONLY BE GOING SHORT IF:
We have a DA618 trading day today, so we are looking for price to continue down. We are looking for a small rally and then a bearish cs formation to short, stop above the cs formation, limit 60 pips.
LONG: WILL ONLY BE GOING LONG TODAY IF:
Price falls down to the BF786 and gives us a bullish cs formation. Trade this as a PT to the 786 up at 6095 since we would have had a 618 prior.
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