About meI am brand new to trading in the forex market. I am using the plethora of information that I've found to become an expert retailer! I personally like to trade on the 30 minute chart, but I may explore other charts in the future :D
My guess is that the next candle will continue to go down. The RSI is touching the 50 line pointing down. and it looks like the MACD is about to cross again. But I will have to wait to confirm this when the candle closes in the next 15 mins.
Newbie here!
I've manually marked the 50 line on my RSI (purple section). When the MA begins to get close to that line, and the MACD lines cross each other, this will gives e a clear indication of which direction the next candle will go in. It seems to be a strong indication that there will be a reversal in the market. Please let me know your thoughts on this.
