Divergence, double bottom Long

British Pound/U.S. DollarFXCM

Description

⋅ Mar 7, 2017 1:46 PM

Divergence and double bottom on GBPUSD... don't enter yet, wait for price to reach the limit with a higher high and higher low.

Comments

GregoryCee

⋅ Mar 7, 2017 2:20 PM

but where of when it will be 1,28 ? after 5 years?

ImproveYourTrades

⋅ Mar 7, 2017 4:19 PM

@GregoryCee, no, maybe sometime in May?

GregoryCee

⋅ Mar 7, 2017 4:56 PM

@ImproveYourTrades, no power to go to 1,30 so why can go more? if uk stay in UE max 1,35

mcropper

⋅ Mar 7, 2017 2:11 PM

isnt it turning more into a tripple bottom. which would make the trade all the more tasty.

ImproveYourTrades

⋅ Mar 7, 2017 2:17 PM

@mcropper, totally, I saw that too. Definitely a delicious looking trade, you can enter at a great price on the third touch.