GBP/USD
For Position Traders - Price has hit the BF786 and has given us a bearish cs formation as seen above. According to the system this is a sign that we might be in for a fall down to 5538 over coming sessions since we have had an 86 prior bounce.
Traders might want to exit the long trade with some 65 pips depending on fill.
If the bearish cs fails and price continues up and violates the B high, then we will have a new AB swing and we will wait for a retracement on that swing for a buy entry.
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