GBP/USD 4h chart
using midas channel as protection or simply price needs to stay above the MIDAS channel. From here, you can manage your trade on the 15min chart. Any positive turn of indicators can be used for entry on the 15min chart. The dot indicates the overhead resistance. Every time 15min MACD goes above zero, it should yield at least 80-100pips, anything less could mean a reversal, anything more would cascade into 1h chart.
Lastly from the above setup, I hope that price will come down again to touch MACD (black line) and then up again. Good thing is the big black candle is out of the window for daily chart; the market can now slowly begin the process of repairing till the next jolt comes about.
Lastly from the above setup, I hope that price will come down again to touch MACD (black line) and then up again. Good thing is the big black candle is out of the window for daily chart; the market can now slowly begin the process of repairing till the next jolt comes about.
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