MACD-Signal indicator predicts a top in EURUSD 4 Hour Chart
MACD Signal indicator predicts a temporary top in EURUSD, 4-hour Chart.
If the pattern is going to continue we should be aware that after a green peak in the indicator followed by a formation of a half-circle, with a color shift on the lines has historically indicated a top. (If the lines are shifting from green to red in the cup, a top is predicted).
However, Be aware that a Green Peak in the indicator can also mean bigger fundamental structural change in the market, and in this case, it would indicate that there might be a trend shift towards positive in EURUSD.
I will look for confirmation patterns in favor of a temporary top or favor of a trend shift. One of these two scenarios will happen! Be prepared to act on both.
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Disclaimer
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
If the pattern is going to continue we should be aware that after a green peak in the indicator followed by a formation of a half-circle, with a color shift on the lines has historically indicated a top. (If the lines are shifting from green to red in the cup, a top is predicted).
However, Be aware that a Green Peak in the indicator can also mean bigger fundamental structural change in the market, and in this case, it would indicate that there might be a trend shift towards positive in EURUSD.
I will look for confirmation patterns in favor of a temporary top or favor of a trend shift. One of these two scenarios will happen! Be prepared to act on both.
-----------------
Disclaimer
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
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Disclaimer
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