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Moving Average Convergence / Divergence (MACD)

EURUSD near a breakout period looking on a previous trend we can see that EU has recently touched the trendline for the 4th time, however, given previous supports in the 1 hour an aggressive entry could be a good idea in order to get filled. Given the MACD overextended on the previous up move, we should expect the price to retrace before going back up, though a move up could also create an entry signal by breaking the downtrend and possibly send price into consolidation for some time given the near overbought conditions.
Long
by DarkMessiah777
Good sell opportunity with a decent Risk reward ratioA few things here Broken support line MACD has just crossed and entered the sell zone, shown by arrow RSI has a broken pattern as well, indicated by the arrow To set stop loss level, it is clear there is a strong resistance at around 1.075, as it bounced back down twice from this price, so 1.08 is a safe level As for the Reward, Fib and previous structures show there is a potential turn around at about 1.05 (also because its a round number as well) Let me know what you think guys :)
Short
by bogd
Filling the Gap?For the past month, price has been pushed down slowly staying near support for most of the time. Also, the 20ma has been acting as a dynamic resistance, and price has seen more resistance from a descending trend line. Price has just broken and close below support (Double Blue Line) Price has also closed below the 50ma, which has acted as dynamic support/resistance in the past. There is also a head & shoulders pattern on the MACD Leader, and Insync Index Price target is $87.88 for a R:R of 4.47 Went short with an entry of $99.06 after seeing a break of $99.20, Stop loss at $101.57
NASDAQ:PLCEShort
by juniortrader
Power of MACD DivergenceThis post doesn't do some trading recommendation for you. I want to introduce you the powerful trading pattern ——— MACD Divergence. In October 2014, as you could see a divergence appeared with a week scale. The divergence method could trading at a not bad price relatively. But a thing you have to notice, you have better find your way to offset position. It won't have a pair to pair divergence in the period. For example, you might using 20 to 60-day of moving average as your offset strategy.
K
by Raymond_Chang