Start scanning your trading pairs on 4h after the beginning of the new Monday Trading session
Setup chart with 50 sma & 100 sma
Setup chart with a Macd default setting of 12-26-9
Find a Macd indicator that shows zero line like TV - Indicators - Public Library - Macd Crossover
Trade Setup 4H
When Macd Blue like crosses over Zero line (above is buy signal - below is sell signal)
Enter at opening of next candle after crossover
TP - can be 50 to 100 pips or you decide your own exit strategy
SL - below/above macd crossover candle
Setup chart with 50 sma & 100 sma
Setup chart with a Macd default setting of 12-26-9
Find a Macd indicator that shows zero line like TV - Indicators - Public Library - Macd Crossover
Trade Setup 4H
When Macd Blue like crosses over Zero line (above is buy signal - below is sell signal)
Enter at opening of next candle after crossover
TP - can be 50 to 100 pips or you decide your own exit strategy
SL - below/above macd crossover candle
Note
You can do this same trade setup on the beginning of the Tuesday Trading Day session start but no other days of the weekWhen the Macd crosses over the Zero line at the beginning of the week there is a possibility of a trade continuation move for awhile
Note
Watch EURJPY for a possible Tuesday Trading Day setupNote
Here are 3 more Macd cross trade setups - GBPJPY - AUDJPY - NZDJPYscreencast.com/t/d1d78xcr
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.