GBP/USD
No Trade setup on GBP yesterday.
We are still in the AB swing, price is currently at the
618, so we are in sell territory if we get a clear bearish cs formation.
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:
We are at the 618 of the AB swing, if we get a clear
bearish cs formation we will trade it for 80 pips. If we rally higher to the
786 we will look for a bearish cs formation after we hit the 786. Limits here
will be at the BF786.
LONG: Will be
going long today only IF:
Price falls to the BF786 and then gives us a bullish cs
formation. Stops below the cs formation. Limits set at the 786 since we have a
618 prior – as at 05h52 GMT.
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