Timeframe: 1H
Recommend pair: Any major pair
Indicator: MACD
Platform: MT4, TradingView
Long trade setup
Entry
The MACD histogram should go above the zero line. Wait for the price action to continue in the upward direction and then enter.
Take-profit
Set take-profit at the recent high from the entry point or when the MACD goes below the zero line.
Stop-loss
Place a stop-loss at the recent low from the entry point.
Example:
In the chart below, the MACD histogram goes above the zero line, signaling a potential long entry point.
Long trade setup
Short trade setup
Entry
The MACD histogram should go below the zero line. Wait for the price action to continue in the downward direction and then enter.
Take-profit
Set take-profit at the recent low from the entry point or when the MACD goes above the zero line.
Stop-loss
Place a stop-loss at the recent high from the entry point.
Example:
In the chart below, the MACD histogram goes below the zero line, signaling a potential short entry point.
Short trade setup
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