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lonac
Jun 22, 2022 1:31 PM

setup with liquidity Long

Australian Dollar/Japanese YenFXCM

Description

KEY TAKEAWAYS
The five-minute momo strategy is designed to help forex traders play reversals and stay in the position as prices trend in a new direction.
The strategy relies on exponential moving averages and the MACD indicator.
As the trend is unfolding, stop-loss orders and trailing stops are used to protect profits.
As within any system based on technical indicators, the 5-Minute Momo isn't foolproof and results will vary depending on market conditions
Comments
Bravetotrade
Congratulations and well done for sharing your first idea with the community.
Hope you will be having great experience.

Thanks for your contribution.
From mod @Bravetotrade
lonac
@Bravetotrade, thank you
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