technical.trader

technical.trader

a divergence on the GBPUSD

technical.trader

Due to the ascending triangle the price might actually go a little further to the upside , wich would find resistance at 1.58000 or at 1.59000 ,and that wil create a double tops , then the trend might be reversed to the downside because of an important divergence that lasted for more than 25 days , then it's more important than the ascending triangle , and that...

technical.trader

> first there is the line daxn in pink , which indicate the moving average 10 ,as we see is a real great powerful tool ,that indicates the buy and sell signal : if the price penetrate the MA to the upside so its a buy signal , and if the price break the MA to the downside so its a sell signal , but we need to be careful , and chose the right MA (MA 9,20,50....)...