Timeframe: Any
Recommend pair: Any major pair
Indicator: RSI and MACD
Platform: MT4, TradingView
Long trade setup
Entry
The MACD line should cross above the signal line, and the RSI must be near the 30-level.
Take-profit
Set take-profit at the recent high from the entry point or when the RSI reaches 70-level, and the signal line goes above the MACD line.
Stop-loss
Place a stop-loss at the recent low from the entry point.
Example:
The chart below satisfies all the conditions of both indicators and presents a long entry point.
Long trade setup
Short trade setup
Entry
The signal line should cross the MACD line, and the RSI must be near the 70-level.
Take-profit
Set take-profit at the recent low from the entry point or when the RSI reaches the 30-level, and the signal line goes below the MACD line.
Stop-loss
Place a stop-loss at the recent high from the entry point.
Example:
The chart below satisfies all the conditions of both indicators and presents a short entry point.
Short trade setup
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