The MACD is below 0 and the 60 period stochastics are below 20,
plus I don't see any support on the 60 min and 4hr charts. I
would at least wait for a bounce off support, or a turn up in those
indicators before buying.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
The MACD is below 0
USD (4hr)
Posted by oops1e on 21st of Jul 2011 at 09:20 am
The MACD is below 0 and the 60 period stochastics are below 20, plus I don't see any support on the 60 min and 4hr charts. I would at least wait for a bounce off support, or a turn up in those indicators before buying.