How to trade breakout structure by using the MACD indicator. the top green/blue and low red MACD indicates the lower and higher price on the chart, use your tools to mark them and wait for the breakout, then follow the steps on the chart. I hope it is not that hard setup.
Price has broken structure on the 4H TF as indicated on the chart, now the market is retesting the structure TO GRAB SELLING ORDERS.
My idea: focus selling on the best setup of your user in a small timeframe.
Please, Manage your risk.
Hi, correction, price break the support and became resistant on the retest, where it also forms the right shoulder, but importantly it retested the 50 EMA confirming a downtrend to complete the right hand, Share your views please, Goodluck guys!
Price was moving in the triangle channel, the breakout is seen and retested, the price seems to be potentially falling until the next demand area below. The 50 ema is also broken and retested confirming the trend to be still down. Good luck guys.
