GBP/JPY Performed a Double Bottom After MACD Divergence

The5ersTF

Junior member
10 0
267718

The price has performed a double bottom pattern on the D1 chart,
Also, while the price created the double bottom the MACD created a higher low, which's called MACD divergence.
The combination of double bottom and MACD divergence creates a great setup for buy position.
If the price will break the resistance above I'll look for a buy signal,
If the price will move down toward the demand below I'll buy at the demand,
For both options, the target will be the resistance at the top
 

J20

Newbie
1 0
View attachment 267718
The price has performed a double bottom pattern on the D1 chart,
Also, while the price created the double bottom the MACD created a higher low, which's called MACD divergence.
The combination of double bottom and MACD divergence creates a great setup for buy position.
If the price will break the resistance above I'll look for a buy signal,
If the price will move down toward the demand below I'll buy at the demand,
For both options, the target will be the resistance at the top
I actually need some help why is it that with the M A C D indicators that when you change the time period chat for example from five minutes to thirty minutes to signal him in a MACD lines change as well which direction should we be looking at 5 or 30 min
 

fxstrategist

Established member
602 16
The GBPJPY is in a well defined range between the 132,00 as support and the 135,00 has resistencia. The price may break in any direction, but it is currently trying to break below the 132,00 level.
 
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