The Macd has crossed over the 0 level line which can indicate the starting of a new trend for the week on this pair. If the timing and the market is not ready to do that yet the Macd would cross back below the 0 level line to warn you to close the trade. The Macd histogram bars have crossed over the 0 level line and are building longer momentum bars. Price has also broke above the 100 sma. We have a resistance level to break so I have placed a buy stop @ 1.7755. Our TP is at the 800 sma @ 1.7845.
Note
rice hit entry @ 1.7755 and raised to 1.7800.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.