GBP/USD
No entries on GBP yesterday, price never reached the BF786, so no entry.
We are still in the bull AB swing from yesterday, price bounced off the 786 yesterday outside our trading session. We are looking for a test of that 786 today and a bullish cs formation.
Else if price just rallies from here and we get to the BF786, look for a bearish sc formation to short.
SHORT: WILL ONLY BE GOING SHORT IF:
We get to the BF786 and a bearish cs formation. Trade this as a PT to the A low since we had a 786 prior. Stops are above the cs formations -50 pips max.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We have already hit the 786 yesterday, we are looking for a test of that level today, if we get a bullish cs formation after a dip we will go long, limits on this trade are at the BF786 -10 pips inside – and stops are below the cs formation, max 50 pips.
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