here I have attached the kiwi 4H chart, there is a possible breakout trade in the works. The daily, 4H and even the 1H chart are all in down trend formation. This is not a suggestion to take a trade but to just confirm the signals that Phillip has emphasized over and over again. As you can see, the trend if down and price action is down which is the most important signal. The MACD signal can be used to further confirm the entry and also we have trend lines here that might be broken. So a high probability trade might be in the works.
Also as I mentioned in my last post. As you can see the horizontal lines on the 4H MACD are very easily visible unlike the horizontal lines on the eur and gbp. That signals a less volatile pair (to my observation at least)
Also as I mentioned in my last post. As you can see the horizontal lines on the 4H MACD are very easily visible unlike the horizontal lines on the eur and gbp. That signals a less volatile pair (to my observation at least)
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