Fxprotrader
Long

EURUSD: Short Term Buy Setup

FX:EURUSD   Euro Fx/U.S. Dollar
801 4 39
Overall EURUSD             is bearish , and i am still in a short trade expecting a further move to the down. But now we might have a pullback as we have a big bullish divergence in MACD which is a sign that price is losing steam. So for those who haven't joined the short position, waiting for a breakout above the descending channel and going long, is a nice idea
Comment: Price has broken above the descending channel. We may now watch for a buy setup based on your strategy.
snapshot
Agree.I've got the same view on this
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Great to know
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may i know the setting for MACD.. thanks you
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Fxprotrader pondabyte
It's MACD 4C, standard settings
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