When a 20-day Exponential Moving Average (EMA) crosses above a 40-day EMA, it is generally considered a bullish signal, suggesting a potential uptrend in the asset's price. This "Golden Cross" can indicate that short-term momentum is outperforming long-term trends, potentially leading to further price increases.
But after that when candle cross above 5 EMA just take your buy position. Hold for next 5 days or wait for next one big candle with in 5-6 days & then after one red candle which completely without touch 5EMA. that day exit our swing position.
(The 5 EMA trading strategy involves using the 5-day Exponential Moving Average (EMA) to identify potential entry and exit points for trades. It's a popular strategy)
But after that when candle cross above 5 EMA just take your buy position. Hold for next 5 days or wait for next one big candle with in 5-6 days & then after one red candle which completely without touch 5EMA. that day exit our swing position.
(The 5 EMA trading strategy involves using the 5-day Exponential Moving Average (EMA) to identify potential entry and exit points for trades. It's a popular strategy)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.