GBP/USD -
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Price bounced off the 86 initially, and has since bounced
thrice with stops too big to trade, we might be having another test of yesterdays low followed by another
bullish cs formation.
FOR TODAY:
Today is a DA86 trading day where we will be looking to
buy after dips followed by bullish cs formations for limits set at 5697.
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 shorting after a clear bearish cs
formation after price hits 5707 or higher.
If we don’t get the setup we are looking for then we
don’t trade.
LONG: Will be
going long today only IF:
Today is a DA86 trading day where we will be looking to
buy after dips followed by bullish cs formations. Place stops 10 pips below the
low of the cs formation, max 1% risk, limits set up at 5697.
If we don’t get the setup we are looking for then we
don’t trade.
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