MACD Crossing upward along with cyclical range of DMI showing retracement.
Look for volume for the upward breakout. If the volume higher than average volume, it may signal bullish trend.
Historical support at 3.845 and a possible hurdle at the 50 SMA when the price breaks upward.
Profit taking advisable at 4.5
(I don't participate in this trade, this is just an...
USD/ MYR continues trending downward within the channel trend and Bollinger bands . RSI showing a downward signal, MACD and MAs crossed downward.
- Good selling point from the breakout point of the previous support level (RED), close position at 3.90
- Entry point advisable at 3.88, gotta wait for the bounce from the support level (GREEN) of...