PLEASE NOTE THAT TODAY IS NFP DAY. WE WILL NOT BE PLACING ANY TRADES TODAY, THE FORECAST IS MERELY FOR INFORMATION PURPOSES TODAY.
IF THERE IS A CLEAR TRADE SETUP AFTER THE ANNOUNCEMENT I WILL POST IT, ELSE NO TRADING TODAY.
GBP/USD
We had a small test then a bearish cs formation, followed by a test of that formation, but it wasn’t clear enough for a trade entry, so no clear trade setup on GBP yesterday.
Price fell yesterday all the way down to the B low during the Asian session. We are now in buy territory, we already got the bullish cs formation for a long trade setup, we expect that price will now rally today up to the786/86, even maybe the A high.
SHORT: WILL ONLY BE GOING SHORT IF:
We get to the 786 again and get a bearish cs formation. Trade this to the B low as a PT.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We have a BF trade setup, we just need price at the 6264 level where we have a max 50 pip stop below the cs formation. Trade this as a PT to the A high since we had an 86 prior.
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