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ifly777

Classic Bearish MACD Divergence

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Euro / Australian Dollar (FOREXCOM:EURAUD)  
ifly777  
FOREXCOM:EURAUD   Euro / Australian Dollar
macddivergence Moving Average Convergence / Divergence (MACD) Divergence bearishdivergence
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macddivergence macd divergence bearishdivergence
This was a classic case of Bearish MACD divergence. The price was forming higher highs and the MACD was forming lower Highs.
This could be a good reason to take a trade signal opposite of the trend. With out such indications trading reversals can be risky.
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