Nearly unique opportunities sometimes appear in the market, long-term bar-based standards such as weekly or monthly, and while not being 100% reliable, it’s one of the most reliable indicators a signal trader can use, the main problem being their low occurrence.
The GBP / USD currency pair may be about to validate one of these standards, with a double bottom (orange lines) where the stochastic divergence (highest value at the second minimum) is an indicator of relative strength. The fact that the British Pound is associated with the Brexit process may indicate that a resolution of the British Pound may be the catalyst the asset needs for a more pronounced upward movement.
