Wednesday, February 18, 2015

18/02/2015 Trade enter NO 22 Reed Elsevier

Entered Reed Elsevier aroun 22 as the 60 min MACD turned positive on the uptrend.
Day and 5h MACD are negative however not Overbought and the entry level was close to the lower bollinger band on the 60 min chart.

The active uptrend is 5h MA50 and the entry is close to MA50 with two candles setting up the case for a continuation.

So 1.Trend is up n 5h Day and Week.
2. Candles are in place around MA50
3. 60 min MACD turned up from Oversold level.
4.5h MACD is not Overbought.
5.60 min level is close to lower bollinger band and target distance to the upper bollinger band is acceptable.

Trade Setup is below:

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