Your question is answered in the reminder near the top of the page.
Both active and pending trades count against your trade slots.
You have 4 active and 3 pending trades, that's 7 in total, you have 5 trade slots, so you will have to delete two active trades.
At that moment, you have a total of 5 pending+active trades and also 5 trade slots. You can then start accepting the trade invitations form the pending trades.
PS: I hope you do so fast, as I am on 19 days.