Zeiierman

MACD-Signal indicator predicts a top in EURUSD 4 Hour Chart

FX:EURUSD   Euro / U.S. Dollar
MACD Signal indicator predicts a temporary top in EURUSD , 4-hour Chart.

If the pattern is going to continue we should be aware that after a green peak in the indicator followed by a formation of a half-circle, with a color shift on the lines has historically indicated a top. (If the lines are shifting from green to red in the cup, a top is predicted).

However, Be aware that a Green Peak in the indicator can also mean bigger fundamental structural change in the market, and in this case, it would indicate that there might be a trend shift towards positive in EURUSD .

I will look for confirmation patterns in favor of a temporary top or favor of a trend shift. One of these two scenarios will happen! Be prepared to act on both.




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Comments

Interesting and novel analysis, I like the indicator!
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Zeiierman ProValueTrader
@ProValueTrader, Thank you for your comment! I'm glad that you liked it :)
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learning is the biggest part of trading, and there is no learning without sharing so i really appreciate that you shared your idea, i also do my best to share the knowledge i accumulated in this years, i'm sure you would love it
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Zeiierman transparent-fx
@transparent-fx, I agree with you! Keep learning and develop your trading strategies and indicators/systems :)
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