GBP/USD
No Trade setup on Friday.
Price gave us an evening star late in the session on
Friday just shy of the 86. Today we will see if we get another cs formation
inside the highs of Friday, or higher up inside the A high. If we break the A
high we will be reversing on this pair.
SHORT: Will be
going short only IF:
We get another bearish cs formation inside the highs of
Friday, else higher up inside the A high. These will be ST with limits set at
the BF786. Stops above the highs of the cs, max 50 pips.
LONG: Will be
going long today only IF:
We get down to the BF786 and then get a bullish cs
formation. Trade this as a ST to the A high since we would have had a 786
prior. Stop below the cs formation, 50 pips max.
If we don’t get the setup we are looking for then we
don’t trade.
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