Trading entries - what to look for with indicators
if entering on 4 hour or 1 hour using macd and rsi this it what i believe you should be looking for -- a knowledge of elliott wave is needed --- the target tp 1 would have been the previous low or end of a wave marked with blue line.. for further tp you would have to do a more in depth analysis.
there would have been set ups on other usd pairs at the same time (if nzd drops more than aud then audnzd will be a buy and vice versa) if eurusd drops more than the usdpound eurgbp will be a sell and vice versa - some will move more than other but dont have a fear of missing out stick to a few pairs and learn them well.
my settings if interested are macd -- fast 1 slow 4
rsi 3 or 4 --- its just used to count the waves and give me divergence patterns not to use for oversold or overbought conditions.
hope it helps.
there would have been set ups on other usd pairs at the same time (if nzd drops more than aud then audnzd will be a buy and vice versa) if eurusd drops more than the usdpound eurgbp will be a sell and vice versa - some will move more than other but dont have a fear of missing out stick to a few pairs and learn them well.
my settings if interested are macd -- fast 1 slow 4
rsi 3 or 4 --- its just used to count the waves and give me divergence patterns not to use for oversold or overbought conditions.
hope it helps.