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Bearishandbullish

Euro/Australian Dollar: Possible continuation of the channel!!!My expectative for Euro/Australian Dollar is bullish, because the par formed a bullish channel and that could mean a possible bought on this par. Also, it's interesting what I see in this par. It's so interesting to know it. So, at the moment, I can't to say that we're to up, becuase another possibility is that Euro/Australian Dollar show a bearish pressure. So, beware to trade, it's not reccomend until we broke down the $1.6485 AUD to short or $1.6538 AUD to entry in long position. So, we have these option if we see any break up or break down. Now, more interesting is in Daily that the Fibonacci show a bought for long positon in the 0.618% of Fibonacci. But, we would awaiting that Euro/Australian Dollar make this break up or brea down. So, my expectative is bullish, but I need a good confirmation to entry in this par to trade. We hope this opportunity!!! So, please put 2 alarm alert in the $1.6450 AUD to short position and $1.6538 AUD to long position. You can to use any lines as I show you!!! I will going to updated more this par, just be patience and remember, knowing the price action strategy!!!
by harisonhbn9718
5
Moving Averages Crossover Masterclass Part 1Moving Average Convergence Divergence (MACD) Created by Gerald Appel It was designed in order to reveal changes in the direction, strength, momentum, and duration of a trend in a stock’s price It is a trend-following momentum indicator which shows the relationship between two moving averages of a stock’s price As the name suggests, MACD is all about the convergence and divergence of two moving averages Convergence occurs when the moving averages move towards each other while Divergence occurs when the moving averages move away from each other Three main components of MACD Calculation: MACD line, Signal line, and MACD Histogram MACD line – Calculated by subtracting 26-day EMA (Exponential Moving Average) from 12-day EMA. Exponential Moving Average (EMA) is a type of moving average which places a greater weightage on the recent data points when compared to the past data points, making it react more significantly than a simple moving average. Signal line – 9-day EMA of the MACD line is called the signal line Histogram – Histogram is the graphical distance between MACD and the signal line, height used to assess how strong the price is moving in the given direction There are three main parameters of MACD as a whole: Look-back period of long term EMA to be formulated for MACD Look-back period of short term EMA to be formulated for MACD Look-back period of EMA to be formulated for signal line calculation There are many ways MACD can be used to formulate trading strategy, out of which we will be discussing two in this post: 1. Centerline Crossover Centerline: Zero lines above and below which the MACD line oscillates, diving the canvas in bullish and bearish regions Bullish Crossover when MACD line moves above zero i.e. 12-EMA crosses up 26-EMA Bearish Crossover when MACD line moves below zero i.e. 12-EMA crosses down 26-EMA Signal Generation BUY when MACD crosses up 0 while SELL when MACD crosses down 0 2. Signal line crossover The signal line is 9-day EMA of MACD that means it trails the MACD thereby indicating momentum changes in convergence-divergence Bullish crossover when MACD turns up and crosses above the signal line Bearish crossover when MACD turns down and crosses below the signal line Signal Generation BUY when MACD crosses up the signal line and SELL when MACD crosses down the signal line A lot more interesting things can be done using MACD, about which we'll be talking in the next Masterclass on MACD. STAY TUNED! ---------------------------------------------------------------------------------------- Your questions and comments are most welcome. If you find the post useful, please like, share, and follow to make sure that you get more information once published. - Mudrex
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by Mudrex
21