GBP/USD -
follow me on twitter @fxdailyforecast and stocktwits.com/fxg
Price rallied yesterday towards the A high but never took
it out.
FOR TODAY:
Today is a DA86 trading day where we will look for a test
of the high followed by a clear bearish cs formation for a short trade setup.
A sustained break of 5736 negates this view and starts a
reversal on this timeframe.
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 look for a test of the high followed by a clear
bearish cs formation for a short trade setup. Place stop 13 pips above the high
of the cs formation, max 1% risk, limits down at 5530.
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 get a dip followed by a clear bullish cs formation,
telling us that price might be targeting the highs.
If we don’t get the setup we are looking for then we
don’t trade.
No comments:
Post a Comment