Currently I am looking at the 1 hr chart. IF MACD and signal cross down over 0 line on 1 hr chart the 4 hr chart will trigger MACD signal cross to complete same correction direction on hourly charts.
Entry rule: Wait until MACD and signal line cross down over the 0 line on the 1 hr chart. If MACD and signal end up making cross back ip before crossing the zero line I will look for long continuation.
Entry rule: Wait until MACD and signal line cross down over the 0 line on the 1 hr chart. If MACD and signal end up making cross back ip before crossing the zero line I will look for long continuation.
Trade closed: target reached:
TP at 15800 athough could have caught 15700 on the retract but nonetheless another successful trade using my strategy.