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Re: MACD&RSI's Trading

macd & rsi, Wed Mar 08, 2017 8:06 pm

Today I consider AUD/USD pair ,

On H1 chart it has good condition for sell , just waiting for closing current candle and getting red bbsqueeze engine.

On H4 we have a trend line , it shows a retrace wave , and bbsqueeze engine for up trend is OFF , then we can ignore the light green  dot and go for sell , Cuz we get the entering signal from H1 . 

On Daily chart RSI is at perfect condition for selling , bbsqueeze engine getting red , having a good resistance area , TTM is red , MA bearish cross ,....



     


61.8% fibo ratio of retracement  and 161.8 % fibo extension is a good overlapped area for take profit . Put the stop above retrace area .

 
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