If the price opens above the previous market close price my MACD indicator will signal a direct entry point buy. + D is above - D on ADX indicator and ADX is set to cross up through SMA.
If the price opens below the previous market close the MACD will straighten out. If this occurs a bearish trend may occur with minor pullbacks or a bearish trend make fake out and go long.
EUR is under heavy pressure this week as the UK is not budging on BREXIT deals outside of their likings.
If the price opens below the previous market close the MACD will straighten out. If this occurs a bearish trend may occur with minor pullbacks or a bearish trend make fake out and go long.
EUR is under heavy pressure this week as the UK is not budging on BREXIT deals outside of their likings.
Commento:
Swing trade Active.
Todays currency’s had a common pullback time at 9pm (US time) following a bullish or bearish engulfing. My MACD histograms forecasted the the swing was true. I waited until the bullish engulfing pushed passed the 9pm open to close out the initial sell. From there I waited until bullish engulfing closed to enter the buy. Lets see the result
Todays currency’s had a common pullback time at 9pm (US time) following a bullish or bearish engulfing. My MACD histograms forecasted the the swing was true. I waited until the bullish engulfing pushed passed the 9pm open to close out the initial sell. From there I waited until bullish engulfing closed to enter the buy. Lets see the result
Commento:
Edit- I mixed my times up in description. The 9pm close out was followed by the 10 pm engulfing. Swing trade enter at 11 pm open.
MACD straightened out to avoid a buy signal to further confirm an initial drop. I will watch closely to see if the trend goes to 12 am (US) time to go long for the swing.