GBP/USD
No Trade setup on GBP yesterday.
Price gave us a new A-5867, B-5632 swing yesterday, we are looking to
sell up at the 618/786 fib areas after bearish cs formations, or buy after price hits the
BF786 and after a bullish cs formation.
SHORT: Will be
going short only IF:
Price rallies up to the 618/786 and then gives us a
bearish cs formation at either of these levels, trade the 618 for 60 pips profit and the 786 will be a ST to the
BF786.
LONG: Will be
going long today only IF:
Price gets down to the BF786 and then gives us a bullish
cs formation. Trade this for 60 pips profit since it’s a shallow bounce. Stops below
the low – max 50 pips stop.
If we don't get the cs formations at the fibs, then we don't enter the trade.
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