What's up traders! To me this looks like a complex correction taking place! It appears to me to still be in correction and not trending (motive waves) What do ya'll think? Thanks for the support and comment with some feedback or what you were thinking! Thumbs up if you agree! :D Have a good week!
Watching, and waiting. Let's see what happens! Happy new year everyone!
Possible Bullisn Shark + Bearish 5-0 pattern combo. For long: - Bullish divergence is present - Waiting for reversal bar pattern inside PRZ - Target around 1.0690
- Bear divergence is present. - Waiting for a reversal bar pattern inside PRZ.
2nd try... - Divergence is present - Waiting for reversal bar pattern inside PRZ
- Divergence is present - Waiting for reversal bar pattern inside PRZ (H1 chart can be used)
- Divergence is present - Waiting for reversal bar pattern inside PRZ (use H1 chart for a better entry)
- Divergences are present - Wait for reversal bar pattern inside PRZ
The chart above expresses the nature of how well TD-Combo and MIDAS Technical Analysis work together. This is personally my favourite strategy since it is easy to use and the success rate is very high. MIDAS Trading Tools for MT4 is available to download @ MQL5.com
Price likely to return to MA50 and continue down in Daily channel. + At the top of Daily channel down + Macd crossed down - Risk - could be crossed UP Daily channel For confirmation wait Daily close below 1.4190