GBP/USD
No entries on GBP yesterday.
We are still in the bull AB swing from yesterday, we need a BF786 and a bearish cs for a short entry, or we need price down at the 618/786 and a bullish cs formation for a long trade setup. If price just rallies from here and takes out the B high we won’t have a long trade setup, but will have a new AB swing then.
SHORT: WILL ONLY BE GOING SHORT IF:
We get to the BF786 and a bearish cs formation. Limits on this trade will be 60 pips since it’s less than a 382 prior. Stops are above the cs formations -50 pips max.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We are looking to buy down at the 618/786 after bullish cs formations. Limits for 618 will be 60 pips and 786 will be a PT to the BF786. All stops are below the cs formations -50 pips max.
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