I am hoping for a break towards the downside on the weekly. So will the rate decision take it in that direction? Eventually I would like to see a complete head and shoulders on this pair.
I saw it going up last week and predicted that it would go down this week. I would like to know what you think it is going to do after the RBNZ rate decision!?!?!! Please share your thoughts in the comments. I would like to take a nice short on the breakout.
I do not use indicators that much, I really heavily on structure and right now this what I am seeing. What do y'all think? Is GBPUSD going up or down?
I believe that the idea I published earlier was whack 🤮. So please allow me to redeem myself. The day's draw down on the 4 Hr chart was expected on order make the head of the right shoulder on the forming inverted head and shoulders pattern. I'm expecting it to complete by noon 22/09.
This is a prediction I made on Friday. There's a head and shoulders pattern on the pair and...I believe when it's complete I'll be able to take a nice long position on the pair.