Today`s buy on this pair --
Pair in uptrend
waiting for pull backs --- how to know when pull back complete ( i didnt use fib levels) Wave count on RSI
Any red blip on macd is a buy signal in the uptrending market. Then we need to see a 123 or abc wave count on lower degree or time frame for entry - Price action (candles) or RSI can be used or a combination.
we had one on 8 hour chart
we had one on 4 hour chart
entered on 1 hour with an 123 or abc wave count on the RSI (it also made double bottom RSI)
the macd on 1 hour also leveled out (converged with price)
this buy was seen across the usd pairs eur and nzd were also good opportunities
Pair in uptrend
waiting for pull backs --- how to know when pull back complete ( i didnt use fib levels) Wave count on RSI
Any red blip on macd is a buy signal in the uptrending market. Then we need to see a 123 or abc wave count on lower degree or time frame for entry - Price action (candles) or RSI can be used or a combination.
we had one on 8 hour chart
we had one on 4 hour chart
entered on 1 hour with an 123 or abc wave count on the RSI (it also made double bottom RSI)
the macd on 1 hour also leveled out (converged with price)
this buy was seen across the usd pairs eur and nzd were also good opportunities