hi everyone. i'm getting a mouteki gbp/usd signal with a projection of more than 300 pips to the up side (long gbp/usd)... if that's the case then 1.9030 would be the target...can anyone else confirm? thanks!
Dislikedi forgot to mention... this would only be probable if the next 4hr candle opens at 1.8720 or higher..right?Ignored
DislikedFirst of all the definition of a hammer is, it should come after a down trend. I think you're mixing up a Hammer and a Hanging Man.
For the divergence chart.... take a look at the attached picture.
The green line that you see next to the hammer is the demand line coming from the daily charts. (Daily Support). The hammer is making a lower low but the RSI failed to make a new low.
38.38 is the RSI for the red candle.Ignored
Dislikedhey C1, are you really as pretty as you on the picture? itīs hot.
anyway, we should consider to go short for the gbp/usd. thatīs what i think. correct me if iīm wrong.
Dislikedhi c1, didnt know you have a homepage, whatīs its adress?
DislikedGBP is currently held back by the larger 38% retracement as well as the down trend line. If this retracement level will hold then it would be advisable to start thinking of going short. If we can close convincingly above the 38 % level , then I am looking at about 8850 as a possible target, which is a 61 and 86% retracemnent
DislikedGreat point, Eckbert. Pull back to the daily chart and we're being held back by the 38.2%. A clear break opens up 1.8860 or so. Also, we still have not fulfilled yesterdays' 1.8791 projection...patience...Ignored