UnknownUnicorn782167

Trading entries - what to look for with indicators

Ausbildung
OANDA:AUDUSD   Australischer Dollar/U.S. Dollar
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.
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