GBPUSD - 1D - MACD EMA's Getting Are Too Steep
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Underlying:GBPUSD
Time frame:1D
the MACD on the chart is very unusual.. When you look at th etwo EMA's on it, you will see it is declining steeply. This is not sustainable!!
When they decline so fast you will normally see an increase in price as the two EMA's need to snap back to "normal" or the mean. Because of this, our pink trading zone is looking like a good time to buy right here.
If you want to place a stop loss you can place it below the pink trading range however I will be staying long for some time on this currency pair.
Underlying:GBPUSD
Time frame:1D
the MACD on the chart is very unusual.. When you look at th etwo EMA's on it, you will see it is declining steeply. This is not sustainable!!
When they decline so fast you will normally see an increase in price as the two EMA's need to snap back to "normal" or the mean. Because of this, our pink trading zone is looking like a good time to buy right here.
If you want to place a stop loss you can place it below the pink trading range however I will be staying long for some time on this currency pair.