GBP/USD
No trade setups on GBP yesterday.
Price Rallied yesterday and gave a bearish cs at the 86 during the Asian session. We need a test of that session high and a bearish cs formation for a short entry. Long trades setups will only be considered if we hit the BF786 and get a bullish cs formation.
SHORT: WILL ONLY BE GOING SHORT IF:
We get a test of the highs at the 86 and a bearish cs formation, place stop above the cs formation with limits set at the BF786, this will be a PT, 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 will be a PT to the A high since we had an 86 prior.
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