Too Many Entry Possibilities . . . ???

FX:GBPUSD   British Pound / U.S. Dollar
286 3 7
Since the highs of 1.6821 Cable has been wondering around like
a drunk, three days after New Years Eve. Of course, corrective overlapping
price action usually means that eventually the trend on a larger degree will resume.
On the other hand non trending markets do offer lots of pattern trade opportunities.
So, it does not help when the harmonics offer more than one entry. A Gartely, an
A = C and an ab=cd , granted, within 30 pips of each other, but, I'm Picky !!!
Especially Cable
which seems to always like to test/retest recent highs/lows. That means any short one
takes should have smart stops above 1.6821. Thus, if the candles offer insight, I'll take
the highest possible entry for the lowest risk. Not a trade I'm eager to take.
(which as a contrarian increases the odds of a profitable trade)
As I suspected the recent highs have been tested and even though
there was divergence in the rsi I just don't even trust my own
analysis just now === cable is just too strong and impulsive, so I'm waiting for
more evidence to enter a trade
Today's action was sooooo iimpulsive I think I'll wait and sell a test of the recent highs
@1.6821 area such as divergence with great candlestick sell patterns for a possible double top.
well we have hit the kill zone price a bit early, expecting sideways movement for the rest of the week or correction, what is your opinion for 9th of april
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out