The_Marathon_Trading

The_Marathon_Trading

The technique here is to counter the trend with the MACD crossover and since theres no divergence the market is expected to continue making higher highs, so we gona enter with MACD crossover on H4 and exit wen we get a divergence for buy on 15 Mins timeframe its a good strategy to apply to this kind of a setup with MACD crossing over at resistance.

The_Marathon_Trading

Divergence plus Breakout

The_Marathon_Trading

Breakout plus divergence

The_Marathon_Trading

The idea is to continue making higher highs while the MACD making lower highs

The_Marathon_Trading

If you look from the support of the trendline the pair has been going up to make higher highs and forming a resistance and on those resistance when it came back to support of the trendline it came with a form of a flag and every breakout of the flag it moved higher

The_Marathon_Trading

The pattern is not as accurate but its near the fib ratios that build that pattern and we also have the zones where the market has been making some rejections

The_Marathon_Trading

trend continuation

The_Marathon_Trading

123 pattern please can you comment if you having any ideas and share your views

The_Marathon_Trading

the pair has been trending downwards for some time now retracing at 61.8 on a daily chart and formed a head shoulders on 61.8 making the lowest low so when inverting the Fibonacci now the pair just broke 23% and retested and closed above expecting it to go to 38@ continuing the uptrend after a pullback please comment and correct me where i got it wrong