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dinhchien
Nov 1, 2023 11:59 PM

AUDCAD - Long buy 3 screen 2/11/2023 Long

Australian Dollar/Canadian DollarFXCM

Description

- Screen 1 (1 Day Time Frame): MACD Histogram
... A bullish trend is indicated when the MACD histogram increases 3 times in a row and the most recent MACD histogram is greater than 0.

- Screen 2 (4h minutes Time Frame): Stochastic
... Overbought: A buy signal is generated when the first screen is in an uptrend and the K-line crosses up the D-line below 20.

- Screen 3 (60 Minute Time Frame): 12 & 26 Moving Averages
- A bullish trend is indicated when the ema 12 crossover the ema 26 moving averages.

- Stop Loss:
... A stop-loss order for a bullish trend is placed at the lowest price of the green day candle.
... The stop-loss order is trailed up as long as the bullish trend is in place.
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