DislikedHi Guys, I am new to this thread and still working thru the various posts from the masters of this MACD system. Big thanks to NaustingFx nd cheeseburger for being patient with us newbies. For the other newbies still looking for the holy grail system that requires no brain power, buy and sell arrows only. It doesn't exist, if it did we would all be full time traders earning megabucks. Some of the more experienced traders here might say this is a simple system and just take the TC signals and you can make money every month. I am a bit skeptical on...Ignored
But EURUSD for years look at the weekly chart, was this current price level as a critical price around the 0.618.
In the daily chart it has a yellow average of 200 and another of 89, see how only now the average of 89 has been down a few waves, is a sign that maybe it has some strength to go higher.
In the H4 chart as the price as the price has consolidated at the 1.236 level I believe it can go down further to 1.618 or even higher.
In the H1 chart the green average is 50, was exceeded by several candles, is already a manifestation of weakness in this downtrend.
Only even the highest price movement that can set us a target.
If on chart H1 continues and pivots, we buy and use a target on the next nearest top.
It's just reflections.
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