GBP/USD
There was a 618 bounce yesterday which I never took, was looking for a deeper test of the 786. The trade ran its 100 pips though.
FOR TODAY:
Price gave us a BF786 setup after our trading session yesterday. The evening star was too big for an entry and we never got a test of that evening star. We expect prices to fall today down to the 786 at 5949.
SHORT: Will be going short only IF:
We rally to test the BF786 and then get a clear bearish cs formation, the limit here will be at the 786 down at 5949.
LONG: Will be going long today only IF:
We get down to the 786 and then get a bullish cs formation, trade this as a ST to the BF786.
If we don’t get the setup we are looking for then we don’t trade.
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