dericksim

GBPUSD Timing the run

FX:GBPUSD   British Pound/U.S. Dollar
It has been 10bars since the MACD cross happened. Another 16 more days to go. Enjoy while it lasts. As usual, the challenge will be to break RSI 50 level. We can forget about the gap if this cannot pass through.

snapshot
dericksim
4 months ago
For the remaining 16 days, there are at least 14 MACD crosses on hourly chart so chances are aplenty. This is provided everything goes like clock work. However, there are instances where the norm will be broken. One such example is the brexit vote or FED announcements that causes the chain to be broken. Once this happens, it would usually take more time to repair and resume everything back to balance before the next jolt comes along to break things apart again.
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