GBP/USD
We had a bearish cs formation yesterday which was a DA86 entry, the trade yielded 73 pips.
Price went on to take out the A low and we now have a bearish AB swing in play. We are at BF786 buy territory, if we get a bullish cs formation from current levels we will buy for a 60 pip limit. Shorts are only considered higher up at the 618/786.
SHORT: WILL ONLY BE GOING SHORT IF:
Price gets to the 618/786 and gives us a bearish cs formation, trade the 618 for 60 pips and the 786 to the BF786.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We get a bullish cs from current levels. Trade it for 60 pips since it’s a shallow bounce.
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