Hello traders 👋
Today im sharing my trading strategy with moving average.
What Is an Exponential Moving Average (EMA)?
An exponential moving average (EMA) is a type of moving average, but it's better than MA(Only my opinion. It is one of the most important things in forex trade. Because this gives you the best direction of the trend.
How to trade And Use...
Price action signal formed at horizontal support resistance level. Entry at closing price of engulfing candlestick at horizontal support level. Set Take Profit at horizontal support resistance level. Set Stop Loss at low of engulfing candlestick.
Note: EMA 10 EMA 20 is positive slope.
Price closed above EMA 20, EMA 10, Horizontal Support Resistance, and Trend Line. A pin bar formed on the retest and the pin bar candlestick wick protruded through the support levels. The support levels are EMA 20, EMA 10, Horizontal Support Resistance, and Trend Line.
In this example, there are three higher lows moving into a diagonal resistance level and a...
Wait for a Price Action Signal to form at the following support resistance levels.
EMA 10 Level
EMA 20 Level
Fibonacci Level
Horizontal Level
Set Target at the next support resistance level. Set Stop Loss Below EMA 20 Price and Low Price of Price Action Signal Candlestick. Enter at close price of Price Action Candlestick.
Engulfing Candlestick at Support...
