Below is GBPUSD chart for this week, after the market closed. It is 4 hour timeframe chart, and its already breakout of that diagonal triangle. What to expect? Last week, we can see a downfall for about 430 pips, will it continue its bearish on the next week?
As you can see on the chart, it is a doji candle, stochastic touch and crossed below 20 level, RSI also touch 30.. a level that I considered as oversold. And, the price is hitting that lower trendline. I do hope it will not breakout. What’s more interesting is, a divergence on that chart, as you can see from that Awesome Oscillator. All these are enough for me to go long.