FX:GBPUSD   British Pound/U.S. Dollar
The Bulls has only won half the battle. MACD is neither an angel nor the devil. Same thing as usual, adjust your aperture and monitor the movement from there. If this cross is successful it should be worth 300-400pips on a 4h chart. You can set your profit target there. Once it hits, it will begin to go sideways as per what we are seeing on the hourly chart which is worth 150-200pips. Once target is hit the sideways retrace can be from 30-60% (fibo numbers). Based on this; if you are trading on an hourly chart and cannot take a 60pip retrace then that chart is not suitable for your trade.

snapshot
dericksim
4 months ago
one thing for sure is when heaven and hell collide, you can expect a ton of fireworks. This portion is also the hardest to trade as market has yet to decide on being an angel or morph into the devil's advocate.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out