oil is near a major trendline in weekly time frame and a bullish divergence is clear in daily timeframe . so what is my trading strategy? we should monitor market and indicators any time bars be shorter in MACD or bullish reversal in any indicator occur we can have a buy stop on tick above last daily high and stop one tick below the low made prior to bullish reversal . is it clear or no ? this just my trading strategy and is not a recommendation to buy
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the divergence not yet complete be aware one day or two if divergence will occur the odds are high for reversal
Hi guys
Any time divergence occurs in MACD , the buy stop one tick higher than one daily bar high can execute.
This means if a bar in macd was shorter than previous bar in daily or 4h the divergence is complete and is time to run a buy stop
Any time divergence occurs in MACD , the buy stop one tick higher than one daily bar high can execute.
This means if a bar in macd was shorter than previous bar in daily or 4h the divergence is complete and is time to run a buy stop