MACD Divergenece With Confirmation Zone On EURUSD 16/03/2019

16 Mar 2019

As we can see in the 1-hour chart on EURUSD there is a divergence between the MACD indicator and the price himself, while the price creates high and higher High, the MACD shows high and lower high, this divergence indicates that the buyers of this uptrend getting wick, I'll still wait to see if the price will breakout The confirmation zone which is the support below, if that happens, I'll look for price action setup for sell position.