The 5%ers' Blog

MACD Divergenece With Confirmation Zone On EURUSD

March 16, 2019 | 3:05 pm | The 5%ers' Blog
March 16, 2019 | 3:05 pm
The 5%ers' Blog

As we can see in the 1-hour chart on EURUSD there is a MACD divergence between the MACD indicator and the price himself.

While the price creates high and higher High, the MACD shows high and lower high,

This divergence indicates that the buyers of this uptrend getting wick,

I’ll still wait to see if the price will breakout The confirmation zone which is the support below, if that happens, I’ll look for a price action setup for sell position.

 

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