GBP/USD
Traded the dip yesterday, entered at 6017, still in that trade, looking for it to extend to 6320 over coming sessions.
FOR TODAY:
We have a new AB swing in play here, we can only buy at the 618/786 and sell after price hits the BF786 and gives us a bearish cs formation.
I am of the opinion that over coming sessions Sterling is heading for the 6320 price where we have a 786 on the daily chart.
SHORT: Will be going short only IF:
We rally to the BF786 and then get a clear bearish cs formation, this will be good for 100 pips since it’s a shallow bounce prior. Stops above the cs formation.
LONG: Will be going long today only IF:
We get down to the 618/786 and then get a bullish cs formation, trade this for 100 pips at the 618, and the 786 will be a ST to the BF786.
If we don’t get the setup we are looking for then we don’t trade.
No comments:
Post a Comment