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Re: MACD&RSI's Trading

macd & rsi, Tue Mar 28, 2017 5:33 pm

Flag pattern is one of the most probability patterns in technical analyses world . 

Based on the above link and figure , we have a bullish flag on the EUR/GBP H4 chart , RSI on 50 center  line , bbsqueeze engine is on , price stands on 50% fibonacci , so it would be a good long position , if we will have a powerful break and two moving averages cross . Target ( as I show on the above figure ) can be set at 0.9 , also it means 161.8% fibonacci , an important level in price moving . 

 
On daily chart we can see two important lines , which I drew them , bbsqueeze engine is on and two moving averages is crossed up , RSI is at good mood , may be we have another resistance on breaking bearish trend line on RSI . 

 

I follow H1 chart , to have a good entry point , when bbsqueeze engine getting on ,and RSI shows a good energy for bullish trend .

 

have a good days and profitable days !!  
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