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Re: MACD&RSI

macd & rsi, Mon Nov 19, 2018 7:42 pm

GBPUSD :

At H1 tf ,, price shows an upward movement , , blue movings and bbsqueeze , RSI above 50CL ,,

at H4 tf ,, it seems a retrace , goes to 1.2960-1.30 which is resistence area ( two fibo and daily trend line , daily and weekly bearish 21 EMA ) , a clear divergence ,,

at daily tf ,, daily important trend lines , which shows a bearish wave , but a good support area , I have showed it with a blue rectangle ,,

at weekly tf ,, weekly long term trend line , and a retrace and a good support area between 78.6 and 61.8 fibo level ,,

I think , price don't know the correct movement , up or down . breaks the daily bearish trend lines then flies to 1.4 ,, or ,, break the weekly support area and goes to 1.19 .

For a some times , I do not trade on GBP/USD , until market find the proper movement .

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gold ,, step by step goes to a proper shape for having a buy with a big profit .
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