GBP/USD
No entry on GBP yesterday, we had a bounce at the 618, but that came at the end of the trading session.
Price bounced overnight off the 618, but failed to rally to the BF786 where we would like price to bounce off before we short. We have to wait for a BF786 and a bearish cs to short, or a bullish cs at the 618, or a bounce off the 786, entering after bullish cs formations.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a clear bearish cs formation after we reach the BF786. PT this to the 786 since we had a 618 prior.
LONG: WILL ONLY BE GOING LONG TODAY IF:
Price reaches the 618/786 and gives us a bullish cs formation. Trade the 618 for 80-100 pips and the 786 will be a PT to the BF786.
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