GBP/USD
Price gave us the bearish cs formation we were looking for yesterday at the B high, this will have a limit down at the BF786.
FOR TODAY:
Today We are looking for a DA86 trading day where we are looking for price to continue down to the BF786. We are looking to sell rallies until we reach the BF786.
Only if we take out the 5408 high will we be reversing on this pair.
SHORT: WILL ONLY BE GOING SHORT IF:
With a DA86 trading day today we are looking to sell rallies after bearish cs formations. Stops above the cs formation, max1.5% risk, limits set at the BF786.
If we don’t get the cs formations we are looking for then we don’t trade.
LONG: WILL ONLY BE GOING LONG TODAY IF
We need price down at the BF786 and a bullish cs formation for a long trade setup
If we don’t get the setup we are looking for then we don’t trade.
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