Following a strategy with EMA, candles and MACD, are signals calling for opening a short position?
Commentaire:
Target 5% reached. In the 15 min chart seems like the MACD is crossing over, signal of a change of trend, however the EMA are still far apart, while in the 30 min chart the down trend is still strong. Will be curious to see how this evolve.
Trade fermée: cible de profit atteinte:
I closed when the MACD crossed. 5% profit, 9h trade.
The candle touched the EMA 55 a couple of times making me wondering if closing the position, but then a big red candle confirmed the down trend. On the 30 min chart the EMA 55 is about to cross the EMA 21, confirming a longer period downtrend. On the 5 min chart the MACD just crossed the signal line confirming the downtrend, the gap between the EMA 55 and EMA 21 is wider.
Please leave a comment if you think these consideration are wrong or good.