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Old 08-22-05, 04:33 AM
meisalas's Avatar meisalas meisalas is offline
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bunnycross plus macd question

I don't really know how to post my question because i am more asking of what are your insights/evaluation about this. Its always easier after-the-fact but, how would u analyse this current chart set-up.

5wma, 20wma, 100wma with the addition of macd on a 30min chart GBPUSD. how would you analyse if the MACD already crosses down (sell signal) however, the 5wma doesn't crosses yet the 20wma. Both are above the 100wma. Does that qualify to be a bunnycross (bunnybounce). however, if it is a bounce, it should be a 'buy' but the MACD doesn't agree. Are you going to ignore this bounce/cross, or what other indicator would you add as a confirmation?

Thanks a lot.

(GBPUSD 8/21/2005 candles 4:30 - )
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