I like the idea but the logic with the GBPUSD has no logic. The move upward has been mainly on sentiments. Hope it will come strong back.
otavio_barreto
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@Holy_Moly, Yeah I know, fundamentals are strong but There is also a divergence in RSI more upward moves makes no sense for me.
MLudwig3
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@otavio_barreto, I think we will see a pullback like last october. My first target for tomorrow (NFP) will be 1.28. The pair is overbought, we have also a divergence in RSI and this pair is about to touch a very strong resistance at 1.3170. What do you think about that?
otavio_barreto
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@MLudwig3, It's not only overbough but also with a divergence, price made a higher high While RSI made a lower low, 1.28 for short termTarget yeah cool, but It will go even lower on longterm.
MLudwig3
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@otavio_barreto, thank you for your insight and keep up the good work. I'm really curious as to where we'll land tomorrow, when the market close with this pair.