MACD-Signal indicator predicts a top in EURUSD 4 Hour Chart

MACD Signal indicator predicts a temporary top in EURUSD, 4-hour Chart.

If the pattern is going to continue we should be aware that after a green peak in the indicator followed by a formation of a half-circle, with a color shift on the lines has historically indicated a top. (If the lines are shifting from green to red in the cup, a top is predicted).

However, Be aware that a Green Peak in the indicator can also mean bigger fundamental structural change in the market, and in this case, it would indicate that there might be a trend shift towards positive in EURUSD.

I will look for confirmation patterns in favor of a temporary top or favor of a trend shift. One of these two scenarios will happen! Be prepared to act on both.

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