GBP/USD
We exited the long at 100 pips profit.
Price did give us the dip and the bullish cs we were looking for on Friday, but the stop was too big for our strategy rules, so we didn’t take the trade.
Price went on to rally on Friday, finding resistance the 86 of the AB swing. We are in sell territory here, if we get a clear bearish cs formation we will short. Else if we just rally and take out the A high we will be reversing on the 1hour chart.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a clear bearish cs formation from current levels, trade it as a PT to the BF786.
LONG: WILL ONLY BE GOING LONG TODAY IF:
Price falls a bit and then gives us a bullish cs formation. Trade this for 100 pips profit.
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