GBP/USD thoughts...

Hi guys,

I am suspicious a few have been thinking to go long this pair after yesterday's price faked out shorts to get knocked back up... we have great confluence indeed, rejection from the 50% fib retrac, and all happening at big round number 1.6000. However, and this is crucial, all these have to be put into the context of whether or not we are gonna face troubling areas nearby... So suppose we wait for confirmation to go long, thats is, say entering above yesterday's PB high or another scenario(safer) is waiting for price to clear 1.6160 (CORRECTION) IB highs. Where do you think next area of strong traffic congetion will be faced? Thats right, just above at 1.6185 (CORRECTION) or thereabouts, for this simple reason I am not gonna enter....I am now paying much more attention at how much room do we have till price is blocked by one of this nasty FTA (First Troubling Areas as Johno call it, lets universalize this term so we save time typing... lol) rather than by the PA itself. Price Action is just the trigger, however as good hunters of pips we've to always understand what kind of environment we are surronded by, how threatening can be to go get the prey without any damage ( a loss) or at least before we find a shelter ( go BE) to protect oursleves from any upcoming threat. The second image gives you a better idea of what i am talking about...