GBP/USD
We had a bullish cs formation after the 86 yesterday which rallied to the BF786 and yielded 71 pips.
Price found resistance at the B high of the swing and has fallen back since, today we are looking for a DA86 trading day, we are looking for a small rally and a fall down to the A low since we had an 86 prior. We can only buy if we get a bullish cs formation at the A low again.
SHORT: WILL ONLY BE GOING SHORT IF:
We have a DA86 trading day, we are looking for price to continue down to take out the A low, sell bearish cs formations after rallies until the A low is taken out.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We get a bullish cs at the A low, telling us that price is heading back to the top of the range.
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