Has daily fx ever not been "flat and waiting for a compelling price action to enter a trade" lolol. Ive never seen them be like we just entered long/short at x price.
GBP/USD Technical Analysis: Pound Drops to Weekly Low
Talking Points: •GBP/USD Technical Strategy: Flat •Support: 1.5639, 1.5549, 1.5759 •Resistance: 1.5750, 1.5818, 1.5929 The British Pound declined against the US Dollar as expected after prices produced a bearish Evening Star candlestick pattern. Near-term support is at 1.5639, the38.2% Fibonacci retracement, with a break below that on a daily closing basis exposing the 50% level at 1.5549. Alternatively, a reversal above the 23.6% Fib at 1.5750 clears the way for a test of the 14.6% retracement at 1.5818. The available trading range is too narrow to justify entering a trade on the long or short side from a ... (full story)