18.7 C
New York
Wednesday, April 21, 2021
More

    Forex Trading Guide 2021: Trading by MACD patterns

    Trading on a 4-hour chart using MACD patterns is a simple and quite profitable strategy.

    This 4-hour MACD strategy uses the following forex indicators:

    CT Forcast: Crypto Price Analysis

    Do you know Bitcoin Price May Fall Ahead Of Chinese New Year says analyst yes, its true but this technical indicator can give you laser sharp entry points to invest money in cryptocurrency consistently.

    Moving Averages – Moving Averages:

    1) exponential moving average (period 365) – 365 EMA

    2) simple moving average (period 200) – 200 SMA

    3) simple moving average (period 89) -89SMA

    4) exponential moving average (period 21) – 21EMA

    5) exponential moving average (period 8) – 8EMA

    Settings for MACD:

    Slow EMA with a period of 13

    Fast EMA with a period of 5

    MACD EMA with a period of 1

    Horizontal Lines:

    A set of three horizontal lines must be set above and below the zero mark in the MACD indicator window with a step of 0.0015

    The patterns created by the MACD indicator are profitable patterns. You should use only trading signals that have the highest probability of making a profit.

    The working patterns are presented below:

    Forex Trading Guide 2021 Trading by MACD patterns 1

    The MACD indicator on the patterns shown in Figure A and D moved from the level of 0.0045, which indicates that a corrective movement or a trend change may have occurred. These patterns are called counter-trend patterns.

    Trending patterns are B and C, allowing traders to enter in the direction of the trend. The signal to conclude a deal is red circles, it is recommended to enter the market with the opening of a new candle or bar.

    Latest Posts

    spot_imgspot_img

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.