Hi Guys,
I have a question on trading TC pattern in EURUSD now. If MACD has reach as far as -45, and it is what it is as shown below, even if the MACD turn red, can we take this TC trade? 1.19 looks like a very strong support level. The last bearish TC signal did not follow through.
http://img339.imageshack.us/img339/9351/eurusd2.th.gif
Uploaded with ImageShack.us
I have a question on trading TC pattern in EURUSD now. If MACD has reach as far as -45, and it is what it is as shown below, even if the MACD turn red, can we take this TC trade? 1.19 looks like a very strong support level. The last bearish TC signal did not follow through.
http://img339.imageshack.us/img339/9351/eurusd2.th.gif
Uploaded with ImageShack.us