𝗖𝗿𝘆𝗽𝘁𝗼 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗣𝗼𝘀𝘁 🔥
The Moving Average Strategy is a fundamental tool for identifying trends and making informed trading decisions. Here's how it works:
1. Uptrend:
- When the price is above both the 15 SMA and 20 SMA, it indicates an uptrend.
2. Wick Rejection:
- Look for wick rejections followed by strong bullish candles as potential buy signals.
3. SMA Crossover:
- A faster SMA (15) crossing above a slower SMA (20) suggests buying opportunities.
4. Strong Bullish Pattern:
- Enter trades when you observe strong bullish patterns above the moving averages.
5. Closing Trades:
- Consider closing trades when an SMA crossover indicates a potential trend reversal.
Utilizing this strategy can help you identify entry and exit points effectively. Keep refining your approach for better results!
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