My Powerful EMA 365 Technique..A Revisit..

My trading setup is very simple and pretty straightforward. In a range-bound market like euro/usd where price fluctuates between resistances and supports, EMA 365 line serves as a 'rubber band' which absorbs the price. For example, when the price running up or tumbling down usually 50-60 pips away from the EMA value, price will eventually make a reverse towards the value of the EMA. This is a very powerful signal when confirmed with a bullish or bearish MACD 12,26,9 divergence. The probability of winning is almost 95%.

I always wait and look for this signal to emerge. But ones have to be careful because price does not necessarily has to be 50-60 pips away from the EMA 365 value to reverse course. Sometimes a bearish or bullish diverge signal is sufficient enough. And of course, we also have to look at the 1-H and 4-H charts to confirm that we indeed are right in the zone.

To summarize (in case of a long):
1-MACD lines in its negative zone, and has made a turn.
2-The MACD bar prints higher lows.
3-EMA 365 line descending. (although not necessarily).

To summarize (in case of a short):
1-MACD lines in its positive zone, and has made a turn.
2-The MACD bar prints lower highs.
3-3-EMA 365 line ascending. (although not necessarily).