Vantage FX (www.vantagefx.co.uk) look at how technical analysis can help swing traders.
News and Swing Trading Week
We are analysing a 30-minute USD/JPY chart from Friday night up to today, having plotted a MACD histogram at the bottom of the graph with a conventional measure of momentum underneath. What we are looking for is divergence to help with swing trading. By using the momentum we can confirm the MACD (using it as a filter). We can see that the MACD starts rising as the prices start rising as we move into an uptrend from Friday's lows. When the MACD and the momentum both start going up you could consider going long. It is worth noting that this is for intraday trading only.
Comments