After using few of my Moving Average the 20 ,200 and my SR i see what was resistance is now support even though a strong candle has not respected my support but am seeing reversal pattern and its a retest. my 200 SMA and 20 SMA shows an uptrend.
seams like a rising wedge EURUSD price is bound between two rising trend lines.
Wait for a candle close below the support trend line before entry
Enter into the short position as soon as the price breaks the support line, regardless of the candle close
This is the time to say EURUSD Short-term technical readings indicate that further slides are likely as, in the 4-hour chart, the pair has broken below all of its moving averages, while technical indicators head firmly south within negative levels.
MACD and SMA strategy (Source is Close, MACD Fast Moving Average 20, MACD Slow Moving Average 16, MACD Signal Line Moving Average 31 and a Very Slow Moving Average. This strategy goes long if the MACD histogram and the MACD momentum are both above zero and the fast MACD moving average Is above the slow MACD moving average . Optional as additional long filter...