GBP/USD
Price rallied past the BF786 yesterday, taking out the B high giving us a new AB swing.
FOR TODAY:
We will need to wait for a decent swing high to call a B high, until then we cannot do anything on this chart. Don’t be too hasty to trade, we had a good run the last few days, reaching 200+ pips already.
SHORT: Will be going short only IF:
We first need a B to form, until then we cannot look for any BF trade setups. Probably not in today’s session.
I will tweet (@fxdailyforecast) if a setup develops.
If we don’t get the setup we are looking for then we don’t trade.
LONG: Will be going long today only IF:
We first need a B to form before we can draw fibs and ascertain where the 618/786 is. Until then no trade setups.
I will tweet (@fxdailyforecast) if a setup develops.
If we don’t get the setup we are looking for then we don’t trade.
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