GBP/USD
No trade setup yesterday.
Price continued to fall as expected yesterday, although it didn’t give us an entry. We are now waiting for a new B to form, once we have that we can pull fibs, until then no trade setup.
SHORT: WILL ONLY BE GOING SHORT IF:
We need price up at the 618/786 and a bearish cs formation for a short trade, but we need a B first, wait for a B and then draw fibs.
LONG: WILL ONLY BE GOING LONG TODAY IF:
First we need a B to form, until then no trade setups. Once we have a B we have to wait for a swing and a BF786 and a bullish cs formation. This might be a shallow bounce, but because of the big swing, trade it for 100 pips. But we first need a B, right now it’s a least 2 hours away.
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