DislikedSorry no time for upload.. GBP/USD is looking ready to do something.. Daily.... small candle and a previous shooting start.....macd still making a run up with green bars...to early to enter short...back to the 8 or 21. H4 Price on the 8em after a nice long run up.. Macd nice big RT look a like...6 red bars going down towards zero line. Have a good weekend.....Bank Holiday Monday here again....hiccup.! heheheIgnored
Here's a brain teaser for the weekend. It's baffled me for some time now. I might even get nightmares if someone can't give me an answer. I've been going through some charts and came across this one. All according to the rules: Price closed below the 21ema, pulled back slightly above it and now we are expecting a move down. MACD giving a zero bounce and therefore also confirming the move down. But it just shoots up. Why? I have checked everything: There was no news, No pivots, no trendlines, no price levels, no Fibs, No horizontal S/R.
There was even a sHs and a candle with a very long tail about 20 candles back confirming the down move.
So why did the majority of people decide to buy here and not sell?????