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Re: MACD&RSI

macd & rsi, Thu Oct 11, 2018 7:03 pm

macd & rsi wrote: Tue Oct 09, 2018 4:36 am GBP/USD is bullish at H4 , but H1 is bearish , wait to have a clear direction , I think , tomorrow after london session's opening , have a decision .

Attache the GBP chart , it is enough clear to write something .

GBP/JPY is on the support area , if it would break , can go to 145.60 . Break :: means at H1 TF have a sell signal .
On the daily TF we have a bullish trend channel , a good retrace on 50C.L. RSI , a good divergence , 78% fibo , all of them say a bullish trend to 1.34.

But on H1 TF we have a sign of retrace , may be reach to 1.3120==61.8% fibo ,

If system will send a proper alarm on this area ( 1.3120) , buy GBP/USD , STOP @ 1.30 ,, TP @ 1.34 ,

I think we could have 1.37 for GBP/USD , until end of December .
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