As seen in the Chart Above, the Index has moved Green for 4 consecutive days now. A Strong Cross on the MACD indicator indicates a shift in upward momentum, backed up by a confirmation of the trend movement in the CCI Indicator.
I'm aiming for full recovery Take Profit line on this
But don't be to bank some profits... forget hodling
Apparently hedge funds are backing mxn. Not sure of the fundamentals here, but the trend is too significant to ignore. Jumping onthe bandwagon, but with no real technicals to back me up. Proceed with caution
I miscalled this in a previous idea and as trends now point South, gona try make up the loss.
Small short in trading region confirmed by 2 down candles. Sell or trail at support
Channel bounce with CCI and MACD signals. TP @ 0.9434
Channel breakout followed by tick up and return to down trend with CCI and MACD signals
MACD and CCI signal confirms move. Stay in trade until MACD turns
Take Profit @1.25235
I hope I am wrong, but it has been a while coming and that seems like the turn of the peak. Hard to deny it now.
Simple. Buy Gold. Because it's Gold.
1 Confirmation Candle in Place. Recommend waiting for the second Candle, but I am jumping in now. Tight SL at 1.7779 So nice risk to reward. 1 st movement to support line down trend with potential second movement to bottom of channel depending on interaction with 1st support.
Single Confirmation Candle on the Table currently. Might be worth waiting for a second Red Confirmation Candle, but I am going to trade this now. Bounce off channel top to return to Support Line and Channel Bottom at 1.07377 Take Profit @ 1.074