GBP/USD
No trade setup on GBP yesterday, we’re still in
the ST from 5379, stops at cost, the trade looks to be threatened today but we
will remain in it. We will add on dips to 5736.
Today we have a DABF trading day where we are looking for
price to extend toward the A high, with this being the target over coming days.
We are looking to buy dips to that price. If we don’t get a dip and price just
rallies from here then we have no trade, we need a dip to buy into. Stops below
the low, limits set at 5736.
SHORT: Will be
going short only IF:
Shorts are still only considered up at the 5650/5700
areas after bearish cs formations. Stops
above the cs formation - max 50 pips.
LONG: Will be
going long today only IF:
Today is a DABF trading day where we are looking for
continuation of the rally towards the 5736 price area. Remember this is a ST so
it may take a few days to get there. We will add to this position by buying
dips towards 5736. Place stops below the low of the cs formation, max 50 pips,
limits up at 5736.
If we don’t get the setup we are looking for then we
don’t trade.
No comments:
Post a Comment