Post by zzamand56 on Mar 10, 2024 2:03:17 GMT -6
Currently, the long moving average is at the level of 5,453 USD, and thus, our medium-term trading plan should consider the short position with the target at the level of 6,000 USD (the target should be adjusted to the changes of the indicator in the next month). Similarly, the market deviation from the balance level is identified with the short and long moving averages of MACD. In the box above, you can see the example of this indicator drawn in the second window. To demonstrate the dynamic analysis, I present the graph below: LiteFinance: SK-FX is a high success strategy. SK-FX principles and features. SK-FX Application | Litefinance On the daily chart on the left, we see a large gap between the long and short moving averages, which means a strong deviation of the market from the equilibrium level price.
The short MACD is in the window above, which also shows huge overbought and soon reversal. looking at the same situation in more detail, we also see the disparity between two moving averages; and the MACD is already indicating divergence in relation to the last high. On the 4-hour chart, the situation is similar Belize Mobile Number List to the 12-hour chart, only indicated by other bars on the 2-day chart. Reversal signals repeat on shorter time frames and suggest looking for short positions. To do this, we need to look at shorter time frames: LiteFinance: SK-FX is a high success strategy. SK-FX principles and features. SK-FX Application | Litefinance Going to our case study in March, we analyze the one-hour chart, studying the situation on March 5. Here, we see a strong divergence (the left chart).
To identify a perfect entry point we have copied the moving averages in the second window. The short MACD converging with the moving average in the window above that defines the high that must be followed by the correction. On the 15-minute chart we see a similar signal of the short MACD converging with the moving average, which provides a point to open as good a position as possible. As a result of this analysis, we choose a strong reversal moment (see the chart below): LiteFinance: SK-FX is a high success strategy. SK-FX principles and features. SK-FX Application | Litefinance The exit point for setting profits is identified in a similar way: LiteFinance: SK-FX is a high success strategy. SK-FX principles and features.
The short MACD is in the window above, which also shows huge overbought and soon reversal. looking at the same situation in more detail, we also see the disparity between two moving averages; and the MACD is already indicating divergence in relation to the last high. On the 4-hour chart, the situation is similar Belize Mobile Number List to the 12-hour chart, only indicated by other bars on the 2-day chart. Reversal signals repeat on shorter time frames and suggest looking for short positions. To do this, we need to look at shorter time frames: LiteFinance: SK-FX is a high success strategy. SK-FX principles and features. SK-FX Application | Litefinance Going to our case study in March, we analyze the one-hour chart, studying the situation on March 5. Here, we see a strong divergence (the left chart).
To identify a perfect entry point we have copied the moving averages in the second window. The short MACD converging with the moving average in the window above that defines the high that must be followed by the correction. On the 15-minute chart we see a similar signal of the short MACD converging with the moving average, which provides a point to open as good a position as possible. As a result of this analysis, we choose a strong reversal moment (see the chart below): LiteFinance: SK-FX is a high success strategy. SK-FX principles and features. SK-FX Application | Litefinance The exit point for setting profits is identified in a similar way: LiteFinance: SK-FX is a high success strategy. SK-FX principles and features.