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Re: MACD&RSI

macd & rsi, Thu Apr 30, 2020 5:46 pm

#EUR/GBP :

At lower T.F it does not show a clear move , but at daily time frame we can see a bullish wave which corrects to golden ratio (61.8% fibo ) .

If at daily time frame , system shows an strong buy signal ,, then

BUY

STOP @ 0.8630

TP @ it has been shown on chart ,, 0.9470 ,, 0.99 .. 1.026 .

Those targets are based on daily move , it is obvious price has some correction between those targets .
Price is not a rocket , it does not fly directly to specified target ,except in critical situation , like covid-19 , which market acts madly .
a trader should decide right position .

Wish you the best !!
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