GBP/USD -
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Price gave us a short entry which was limited out during Asia
with 34 pips profit.
FOR TODAY:
Price never reached the BF786 so we never went long this
pair. We will need a pullback and a bullish cs formation to re-enter, if not
today maybe tomorrow, we expect price to correct deeper into the bigger AB swing towards 5764/5800
Shorts are only considered circa 5720 after bearish cs formations.
If we don’t get the setup we are looking for then we
don’t trade.
SHORT: Will be
going short only IF:
We will only consider short trade setups if we get
bearish cs formations circa 5720. Be careful that shorts will be used only as dips by the bulls to get long, keep stops tight and reverse on clear bullish cs formations.
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 will need a dip followed by a bullish cs formation to
enter a long trade setup, price came shy of the BF786 so we never entered a
long setup. Will wait patiently for a dip followed by bullish cs formations for a deeper correction towards 5764/5800.
If we don’t get the set-up we are looking for then we
don’t trade.
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