From Briexit, this GBPUSD pair has slowly been going up from all time PA lows. From 15 minute chart, when you look at BB indicator what do you see? A PA BB squeeze area where PA did not move much. I believe PA is now do a FAKEY or false PA move to bear-side at this time, then go back up with major TREND. I will be waiting for a candlestick set up to enter a 1 hour trade, by using 15 minute chart.
PA is above 50 EMA on chart, which is my line to keep trading with TREND. Momentum indicator RSI with 14 (default) on it, is around 46. RSI has been for last two days of trading in 40 to 60 area. I think that PA will continue to rebound & be BULLISH this next month. Wishing everyone good luck with PA & money management.
PA is above 50 EMA on chart, which is my line to keep trading with TREND. Momentum indicator RSI with 14 (default) on it, is around 46. RSI has been for last two days of trading in 40 to 60 area. I think that PA will continue to rebound & be BULLISH this next month. Wishing everyone good luck with PA & money management.