GBP/USD
No Trade setup on GBP on Friday .
We have a new B low in place and it’s a decent swing low.
We have our A up at 5746 and our B down at 5327, also a rather big swing for
the 1h chart. We once again can only sell once price rallies up to the 618/786
fib areas and we then the cs formations as confirmation.
Long entries will only be considered once price falls
down to the BF786, accompanied by bullish cs formations.
SHORT: Will be
going short only IF:
Price rallies up to the 618/786 and then gives us a
bearish cs formation, trade the 618 for 80 pips and the 786 will be a ST to the
BF786.
LONG: Will be
going long today only IF:
Price falls to the BF786 and then gives us a bullish cs
formation we will trade it for 80 pips since we have a shallow bounce in place,
stop below the cs formation max 50 pips.
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