MACD and signal lines are heading to cross 0 line on 1 hr chart resting in a neutral RSI zone. MACD and signals are set to make a cross. Once MACD and signal on 1 hr chart cross 0 line I will enter a buy and watch the remaining hourly charts for crosses to help me determine continuation.
Ordine annullato:
So as you can see in the 1 hr chart MACD lines were rejected at the 0 line and crossed back down through signal and took off south. Always make sure you have entry rules so you do not get spiked. I was able to avoid a huge loss where most traders were going in early for long entries.