EURCAD Setup for Simple EMA Strategy

FX:EURCAD   Euro / Canadian Dollar
258 0 0
During this weeks Weekend Preview I gave out a free simple trading strategy. This chart on EURCAD             shows a good entry for this strategy. The rules for trading the strategy are as follows:

Any Timeframe
Any Currency
Indicators Needed: 5 EMA , 10 EMA , Stochastic (14, 3, 3), RSI (14, Close)

Buying Entry Rules: Buy when 5 EMA crosses above 10 EMA and RSI is above 50. Stochastic lines should be going up but not above 80 (overbought).

Sell Entry Rules: Entry rules: Sell when 5 EMA crosses below 10 EMA and RSI is below 50. Stochastic should be in a downtrend but now below 20 (oversold).

Exit Rules: 5 EMA crosses back over the 10 EMA or RSI moves to the other side of 50.

To hear more about this strategy check out the Weekend Preview here:

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