Tuesday, 31 January 2012

GBP/USD 31 JANUARY 2012


GBP/USD
Price violated the B high again and we now have to wait for a new B high for a new AB swing.

FOR TODAY:
We need to wait for a new B which will probably take the rest of today’s session.

SHORT: WILL ONLY BE GOING SHORT IF:
No short setup as we don’t have a B high.

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
No long trade setup as we don’t have a B high.

If we don’t get the setup we are looking for then we don’t trade.

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