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Midas

GBP/USD 4h chartusing 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.
by dericksim
1
GBPUSD a relationship between 4h and daily chartDaily still failed to stand above EMA 9, however EMA 27 is getting lower by the day. Still following the trade via 4h chart. MIDAS line should provide significant support and should not break. There should not be a single candle to close totally below this line. There is another 2 more days before we put the long red candle in the rear view mirror. Till then any attempt to to close above 1.35 will be futile. For those who use MACD will be asking why there is no reaction on the daily MACD gold cross. Reason is simple, price has yet to conquer EMA 9.
by dericksim
$GBP/AUD MIDAS ROCKET SCIENCE ANALYSISThe TopFinder have now reached its burnout-point (100% of cumulative volume or "fuel" used up) and a T.D Price Flip have been generated (TD-Combo 13 Countdown). Price is now expected to pull back to the MIDAS Support Curve (S1) for further gains to the upside as the order-flow of GBP is positive and AUD is negative . The MIDAS TopFinder is not programmed into TradingView so here is a screenshot from my MT4 Platform. Here is the link to how the Daily Currency Strength (Order Flow Analysis) is measured.
Long
by Carl_G