Is it time for this upside to reverse?
I have placed a short on the dollar with quite a tight top loss in case I have read the reversal wrong.
1hr MACD histogram is showing a reverse in trend to the short side
1hr & 4hr Stochastic MAs have crossed and are starting to enter momentum territory
I have placed a short on the dollar with quite a tight top loss in case I have read the reversal wrong.
1hr MACD histogram is showing a reverse in trend to the short side
1hr & 4hr Stochastic MAs have crossed and are starting to enter momentum territory
Trade closed: stop reached:
Perhaps its not time for a reverse! orrrrr my parameters were too tight... let's see how it plays out over the coming hours