GBP/USD
No trade setup on Friday.
We are still in the AB swing. We are still 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 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. Place stop 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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