$GBPUSD sellers stepped in around the anticipated sell zone of 1.2100 - 1.2150 leaving a long wick. I expect it to be tested and give another shot to short. This would further solidify the short-term sell setup. Until it makes a higher high on the daily, I'll keep playing it to the short side.
As always, there will continue to be several chances on both sides of the market. The key is to identify the current market conditions on each timeframe and blend them together. Each timeframe goes through similar cycles and patterns. The main difference is the time that it takes to complete the process. The longer the timeframe, the more patience and discipline is required. Another key is to be dispassionate and not be swayed by the many emotions the market evokes. Be aware of your emotions, understand and use them to your advantage, or they will be used against you.
Plan. Execute. Next.
Trade Less. Make More.
As always, there will continue to be several chances on both sides of the market. The key is to identify the current market conditions on each timeframe and blend them together. Each timeframe goes through similar cycles and patterns. The main difference is the time that it takes to complete the process. The longer the timeframe, the more patience and discipline is required. Another key is to be dispassionate and not be swayed by the many emotions the market evokes. Be aware of your emotions, understand and use them to your advantage, or they will be used against you.
Plan. Execute. Next.
Trade Less. Make More.