And with NZDUSD. The next two weeks will be interesting for the NZD pairs.
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DislikedAnd with NZDUSD. The next two weeks will be interesting for the NZD pairs. {image}Ignored
Disliked{quote} weekly bearish engulfing candle on nzdcad, nzdchf, nzdjpy. weekly 100ema acting as strong resistance on nzdcad and nzdjpy, 55ema for nzdchf. also the hd makes nzd very interesting for shorts in the incoming weeksIgnored
Disliked{quote} Hi Chamane,EUR/JPY developed HD on Monthly,on weekly TF price Crossed the trendline but MACD still not passed zero level yet,while on daily MACD signal line passed zero level. we need to wait MACD to cross zero on weekly or we can consider that the trade zone started on daily?Ignored
Disliked{quote} Hi Chamane,EUR/JPY developed HD on Monthly,on weekly TF price Crossed the trendline but MACD still not passed zero level yet,while on daily MACD signal line passed zero level. we need to wait MACD to cross zero on weekly or we can consider that the trade zone started on daily?Ignored
Disliked{quote} drsa1970, The way I see it, there is a clear HD bearish pattern on the Monthly chart but still under development. You can wait for price to cross the trendline, but on Monthly chart, placing the stop loss at the last swing high gives a risk too big for my account. Switching to the Weekly chart, you can wait for price to cross the trendline and MACD to cross the zero line. If those signals confirm, I would switch to a 16 HR chart and wait for entries in the Trading Zone. But since we see a clear bearish regular divergence pattern, I would...Ignored
Disliked{quote} Chamane I was experimenting with the daily bearish divergence which I missed and did not trade. I went back in time and thought to myslef where would I have entered. Then I found that I could have entered at the breakout of a minor trend line on this relatively small Daily/H4 structure and my target would be the main daily trend line. {image} -------- Then On H4, We had MACD crossover before the break of Trend Line, and then the break of trend line creating a great entry, target and stop-loss levels. {image} ---------- The point from this...Ignored
Disliked{quote} mtharwat, Waiting for the cross of MACD on lower timeframes is just a suggestion. I believe you can be successful by using trendline crosses and if it suits you better, then go ahead and I am sure you will have your share of wins. In my experience, the cross of trendlines precedes the cross of MACD most of the times, but in some cases, price reverses before the signal of the indicator. I am trying to avoid false entries as much as I can. Furthermore, I like the MACD cross in a context of Cost Averaging because it gives a clear reference...Ignored