The beauty of diagonal lines shows true trends. In an imaginary eye, a macroview of the price actions suggests that there is an actual pattern whereas, strange to be told, the market is just being dictated by the actions and sentiments of buyers and sellers, but something or someone is dictating the price structure in such a way it becomes a beautiful geometric...
GBP/USD had an impulsive weekend last week, going up to as much as 1.39850 and making a downturn to reaching as much as 1700point dive to the current 1.38116 ask price. RSI shows an oversold numbers waiting to explode and a Macd Convergence showing a probable short reversal. Let us see how the week goes for GBP/USD.
