The Boss

What do you see?

FX:GBPUSD   British Pound / U.S. Dollar
78 0 0
The maxima and minima depend on psychological factors and, therefore, are more evident on the graph. The most famous formation is the highest the head and shoulders . There is a very common variant of the head and shoulders formation, consisting of three push towards a maximum. This pattern often develops as part of training culminating at the highest bigger and longer lasting. The classical maximum Moreover, it also shows a clear divergence (Look at the RSI ). If we add the presence of figures downward, according to the chart, the technical picture becomes clear. All this will surely lead to a full-bodied well-tracing, rather premature to think of a possible reversal of the exchange, however, that it could lead to the overcoming of the area 1:55 to 1:54. What do you see?
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