Our strategy has three simple steps which are:
Step 1- Apply Indicators to Chart:
*20 Period SMA
*40 Period SMA
*80 Period SMA
Step 2- Identify the Trend. Price Action needs to break Moving Averages
Step 3- Wait for entire candle to close outside of Moving averages + Pull Back in Price Action + Continuation of Trend
**Broke below the moving averages.
**A full candle closed below the SMA lines
This trade has followed the criteria thus far.
let us know if you have any questions!
Step 1- Apply Indicators to Chart:
*20 Period SMA
*40 Period SMA
*80 Period SMA
Step 2- Identify the Trend. Price Action needs to break Moving Averages
Step 3- Wait for entire candle to close outside of Moving averages + Pull Back in Price Action + Continuation of Trend
**Broke below the moving averages.
**A full candle closed below the SMA lines
This trade has followed the criteria thus far.
let us know if you have any questions!
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.