dojitrader
Short

Simple Sell Resistance Potential

FX:GBPUSD   British Pound / U.S. Dollar
49 1 0
Cable loves to mess with your mind !
But, if you think this is the start of a larger correction from the 1.6464 top
then this is a good place to join the trade.
Not willing to risk much thinking this will work immediately or not at all.
On the other hand, if it does work, the profit potential is pretty good.
As always, the candlesticks might guide my convictions !
"Wonky" was the word I just saw someone use for the markets just now.
Was looking for another wave down but, it did not make my target 1st, albeit,
a logical place to turn down. This setup is probably closed, unless,
it heads back to the target in only 3 waves. Only one eye on this trade for now.
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