good opportunity to long on $gbpusd

OANDA:GBPUSD   British Pound / U.S. Dollar
good opportunity to long on $gbpusd as it hits long term support, rsi also looks good for a bounce as on previous weekends it has a good bounce.
1, MACD doesn't indicate if the market is overbought/sold it indicates how strong the trend is.
2, i noticed the small double top that formed but i thought since the diagonal support had being going strong for quite a while it would hold. a small double top like that would not lead to that much of a drop by itself, however i was wrong and you can say that the double top lead this reversal. :)
Is that a MACD on your chart. It looked overbought at the time of your prediction and there was a small double top forming in the channel.
It's easy for me to say now as the market went down, but the indicators at the time of your prediction were bearish.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out