Our strategy has three simple steps which are:
Step 1- Apply Indicators to Chart:
*20 Period SMA
*40 Period SMA
*80 Period SMA
Step 2- Identify the Trend. Price Action needs to break Moving Averages
Step 3- Wait for entire candle to close outside of Moving averages + Pull Back in Price Action + Continuation of Trend
**Broke below the moving averages.
**A full candle closed below the SMA lines
This trade has followed the criteria thus far.
let us know if you have any questions!
Step 1- Apply Indicators to Chart:
*20 Period SMA
*40 Period SMA
*80 Period SMA
Step 2- Identify the Trend. Price Action needs to break Moving Averages
Step 3- Wait for entire candle to close outside of Moving averages + Pull Back in Price Action + Continuation of Trend
**Broke below the moving averages.
**A full candle closed below the SMA lines
This trade has followed the criteria thus far.
let us know if you have any questions!
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Our free Telegram channel: t.me/TradingStrategyGuides