Despite there being a Descending Channel, Id be skeptical at entering this trade as the MACD and Signal line have crossed over each other to many times without crossing back above the "zero" line.
Before entering this trade id like to see the MACD and Signal line cross over the zero line then from there give me a clear direction into where the price is heading. I'd also need that clear break through of the channel and all other indicators to enter this trade.
This ones definitely for the patient traders out there who don't mind waiting.
Before entering this trade id like to see the MACD and Signal line cross over the zero line then from there give me a clear direction into where the price is heading. I'd also need that clear break through of the channel and all other indicators to enter this trade.
This ones definitely for the patient traders out there who don't mind waiting.