AHhh I slept through my alarm for an hour and missed an easy RB/IRB.. Looks like it had a couple 2nd chance entries too.
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This next chart was a bit too unclear for me to trade. I was wondering what your thoughts were on it. I was watching this possible ARB on the GBP/USD. I know it's a different pair but it's an interesting chart. Do you think this looks like a valid ARB? I wasn't sure, but there's a nice clear barrier and two ceiling tests before price breaks out of the range. That block may have been a good IRB coming after a triple bottom if it had contained more bullish price action. Pressure looked too even to me, price wasn't able to close on the barrier. I suppose I could have moved the barrier down 1 pip but that would make the barrier level a little unclear...Anyways... following that possible IRB (which is a ceiling test of previous price action to the left), price climbed to the top of the range, and then came back down and tested the IRBish block. It is a ceiling test after a teaseWhen that ceiling test was successful, I thought it might be a possible ARB. It's technically found bullish support within the range twice, taken control of the 40 level and tested the 50 level 3-4 times. Seemed like a test of the 60 level was likely, but the setup wasn't particularly bullish. What do you think?
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