GBP/USD
Price gave us our entry at 6264 and did rally to the A high as per our forecast on Friday, rallying 200 pips, we didn’t take the entry because it was NFP day.
Price rallied on Friday and to the A high during Asia, and has fallen back a bit since. We need a test of the highs and a bearish cs formation for a short trade setup, and a long trade setup will be at the BF786, or at a strong bullish cs at the UK open.
SHORT: WILL ONLY BE GOING SHORT IF:
We get to the A high and get another bearish cs formation. Trade this as a PT to the BF786. Remember it might take a day or two to get there.
LONG: WILL ONLY BE GOING LONG TODAY IF:
We get down to the BF786 and a bullish cs formation, this will be a PT to the A high, else a strong UK open bullish cs formation will constitute a trade setup as well, also with a 100pip limit.
No comments:
Post a Comment