WaveRider - Back to Basics - S/R, Price Action, MM, Smart Exits, One Indicator, and patience...

[WaveRider]

GBPUSD is sitting just under a major weekly resistance 1.42. This was tested, on the daily, rejected and run back on daily and rejected again. MACD shows buy trend still and I have other tools saying to buy but PA is indicating a turn around. I'll be out until there's more indication which I think will happen this week. If this is a major weekly reversal, I'd want to see a bigger stop run than this, maybe 100 pips and lots of volume.