oil is near a major trendline in weekly time frame and a bullish divergence is clear in daily timeframe . so what is my trading strategy?
we should monitor market and indicators any time bars be shorter in MACD or bullish reversal in any indicator occur we can have a buy stop on tick above last daily high and stop one tick below the low made prior to bullish reversal . is it clear or no ?
this just my trading strategy and is not a recommendation to buy
we should monitor market and indicators any time bars be shorter in MACD or bullish reversal in any indicator occur we can have a buy stop on tick above last daily high and stop one tick below the low made prior to bullish reversal . is it clear or no ?
this just my trading strategy and is not a recommendation to buy
Comment:
the divergence not yet complete be aware one day or two if divergence will occur the odds are high for reversal