Actually yes . may be we are in 4th wave , and like any 4th wave , price does not have any clear movement .moey_dw wrote: ↑Mon Nov 19, 2018 9:23 pmgreat 2 see you update sir are u worried about this brexit going ons it is causing so much troubles on gbp pairs!!!!macd & rsi wrote: ↑Mon Nov 19, 2018 7:42 pmGBPUSD :
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 .
gold ,, step by step goes to a proper shape for having a buy with a big profit .
may be it is good for short term trader , but not for me , who trade on H4 and upper time frame .
At last , it is my opinion and can be wrong !!!