Long, Tough Session...

Wednesday's session was difficult to get a entry I believed would move in my chosen direction. The trend for both GBP/USD and GBP/JPY was down overall. Both were slowing their descents by the time London opened for business. Movement was slow for GBP/USD covering very little ground on it's inevitable march upward. UK Trade Balance data was released and shown to be negative. I waited for a drop that never came. Finally, I found an Inside bar formation that looked to fit the bill. No go. I took a loss for -16 when the subsequent candle invalidated my entry. That was the extent of my trading for Wednesday. I couldn't reconcile the price action of a stronger GBP to the poor Trade Balance data. Hopefully, the tea leaves will be clearer for today's session.

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