GBPUSD - will the divergence save the market ??
מעודכן
Hello everyone
We have seen too many red candles in the past month on the daily chart of GBPUSD .Now for the continuation of price ;We have a place for the argue of the existing divergence in the market and RSI ,but remember ,the existing pattern is a triangle and the price kept making lower high's in the past month or so.
In my opinion the continuation of the triangle pattern is more likely ,but in the other hand ,We have not seen such good spikes in the volume in GBPUSD since the end of Jan 2019 ,but I think this will not stop the market from the current momentum of the market .So we will have a breakout from the current support level 1.3$ and see the price enters a new channel .
We have seen too many red candles in the past month on the daily chart of GBPUSD .Now for the continuation of price ;We have a place for the argue of the existing divergence in the market and RSI ,but remember ,the existing pattern is a triangle and the price kept making lower high's in the past month or so.
In my opinion the continuation of the triangle pattern is more likely ,but in the other hand ,We have not seen such good spikes in the volume in GBPUSD since the end of Jan 2019 ,but I think this will not stop the market from the current momentum of the market .So we will have a breakout from the current support level 1.3$ and see the price enters a new channel .
הערה
market fell faster and harder than my prediction,hope you guys been in a good amount of short position in this one.
כתב ויתור
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