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Re: MACD&RSI's Trading

macd & rsi, Thu Sep 12, 2019 4:46 am

#USD/CHF :

lets have a look at the chart of Franc !

At weekly scale we have a really beautiful bullish lime trend line , which has acted last week well , so we can say main trend is bullish . A lime straight line which shows 1.034 , very important level .

At daily time frame , we can see a red bullish line , which has broken , but price moves toward it .If consider the little lime bearish trend line ,, so we can say price shows bullish move . may be price will perform a double bottom . 1.0230 !!!!

OK, lets system tells us about market !

At daily T.F ,, weekly 21 EMA , is very powerful , I show 3 times that price touch it , but now price is above it .

At H4 T.F ,, RSI shows a divergence , I think price goes down a little , so continue the bullish trend up to 1.0230 . may be 1.034 ????
Now , I stay away , until get a trustworthy buy signal .
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