EUR/USD:macd & rsi wrote: Mon Apr 08, 2019 6:02 pm Hi guys
EUR/USD:
H4 : chart does not show any obvious direction ,, last week's low 1.1150 and last week's high 1.1260 is very important levels not only at H4 TF but also at higher TF . RSI is above the bollinger band ,, but below the 50 CL ( center line ).If we draw a vertical line at those point we get the 1.1150 and 11260 .
Daily : we don't have any noticeable point on chart .
Weekly : a great support line 61.8% fibo level ,, RSI above the bollinger band but below the 50CL. a good divergence in bbsqueeze .
If price break the 1.1150 ,, it can go to 1.06 , and if it break the 1.1260 it has many resistance level on its way ,, the brown trend line( I have shown on weekly chart ) , so it would be 1.18 the first next high , the second would be 1.24 .....
now we are here , as it has been shown on chart price break 1.1155 , but not fall to 1.06 .price is struggling with 61.8 fibo level , on weekly chart .
on daily chart ,, since septembre 2017 up to now , we don't have a serious buy alarm , but may be we have a buy alarm in coming days ,,
I prefer trade on H1 time frame , until on daily chart ,, system shows a perfect buy alarm . tp @ h1 time frame is about 20 or 30 pips ,, and stop @ 50 or 60 pips .
