GBP/USD
Price gave us a bearish cs formation, but the trade was
stopped out for 50 pips loss. We did get another bearish cs formation but the
stop was too big.
We are still in the AB swing, price bounced off the 86 again
yesterday. Today we have a DA86 trading
day where we are looking for price to continue down towards the BF786. We are
looking to sell into rallies after bearish cs formations 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:
We have a DA86 trading day, we are looking to sell
rallies after bearish cs formations with limits set at the BF786. Stops above
the cs formation - max 50 pips.
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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