Sterling gave us the test of the previous days highs and
the bearish cs we were looking for, price has fallen 95 pips since then and
retraced back to our entry point, this was a ST, so our stops were at zero
since we fell 80+ pips, this trade would have been stopped out at zero.
We are still in the AB swing, price fell a bit yesterday after testing the previous days high, if we get another test of the cs formation and then a bearish cs
afterwards it will be a sell signal on GBP again today.
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 found resistance at the 86 of the AB swing, if we
get another test of the high and
a clear bearish cs formation we will trade it as 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. Stops below the cs formation. This will be a ST with limits set at
the A high since we have an 86 prior.
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