GBP/USD
No trade setups on GBP yesterday.
Price remained in the AB swing for the trading day yesterday. We are now looking for a BF786 and a bullish cs for a buy entry, and shorts will only be considered up at the 618/786 after bearish cs formations.
SHORT: WILL ONLY BE GOING SHORT IF:
We get price up at the 618/786 and after bearish cs formations. The usual limits are 60 pips at the 618, and a PT on the 786 down to the BF786, or we can PT down to the 6104-786 or the 5927-786 as mentioned yesterday, this will be over several days, maybe even a week or two.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We need price down at the BF786, then bullish cs formations confirming the U turn. This entry will attract a limit of 60 pips since it’s a shallow bounce.
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