AC

2015-10-09_00-02-48eurusd forex.today

Today I would like to share to fine tradesetups.

The first green arrow shows a bullish candle closing over the cloud with MACD crossing over the zero line .

Price is also over all the moving averages meaning a trend can develop which it in fact did.

Then you may note the yellow lines showing bearish divergence. You might trade divergence by itself but i prefer a candle of confirmation.

Pease note that price moves below the cloud moves back up to the cloud and prints a bearish candle that can be seen with the red arrow.

This is the same as a role reversal area. Bearish momentum is already gaining strenght on the MACD so we trade always in the same direction.

BEST OF PIPS

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