How To Trade EMA here i have set very good example on how you can trade EMA
it's common for every asset that it follow the price of EMA ( the moving average )
let's take example i set 7 ema on weekly chart so it's total 49 days moving average so if price make bounce above this ema on weekly something has been cooking in the asset . it's 49 days downtrend
same breakdown of EMA ( exponential moving average ) also shows upcoming correction in price on higher timeframe
so don't ignore moving average use this EMA with the triangle and other pattern and make your trading better
any asset always respect it moving average price if fall below major ema than it will take resistance if goes up than it will bounce when it touch EMA
EMAS
USDCAD- 07/08/2020 "The EMAs Trading System"Hello Traders,
I expect the price to push to the support price level or with more correct words I expect the price to push to the red Ema. Nevertheless, the EMAs generally created by the price so its not likely the price to reach the red ema so quickly, but you get my tutorial that I want to do through this picture. The charts illustrates what you can see, different approaches are welcome. It doesn't really matter. It's different a trader who executes consistently profitable trades between the trader who do a forecast.
I appreciate the feedback and the reason who I write all these, are for see opinions about who agree and who disagree.
Thank You.
Smooth Wave Theory - No Priceline RequiredA different perspective using exponential moving averages and "smooth" wave counts only.
Each EMA represents an X number of Fibonacci-related periods.
There's no Priceline, so there's no noise. No exogenous nonsense; no Institutional Oil dumping, no "fear"-induced VIX interference, and only some government meddling.
Thought we could just cut right through it instead.
SPCFD:SPX
AUDUSD I currently don't see any setup. I am looking closely at this area that I marked in the purple as well as the blue line.
I think price will either continue on its bullish rally and reach both levels then revert back or price will get rejected by the current resistance level and if both scenarios happen I will buy the pullback to the support level. If none of these happen I won't enter into any trade.
BTCUSD - Update at 5960$, what I expectAs mentioned on the related idea, it's a good time to stay on the sideline, as the overall situation and overall markets are quite unpredictable.
We absolutely need to hold the current level of 5900$ (not close below it in the hourly chart). I know the timeframe is low.
We are in a pretty ugly wedge-situation IMO. If we are lucky, we may have the chance to get a pump to 7700-7900$ in the next 72 hours just to fail in a wedge and some important emas in the next three days.
If we are capable to hold short-term momentum, I would probably try to short the market at the mentioned region. Not financial advise.
Happy trading!
BTC DEATH Cross for Fib EMA 89/233Noticeably the 89 EMA has crossed under the 233 EMA. Last time this happened in 2018, we saw decline and some significant bounces in those 5 months along the way to capitulation toward $3K. What worries me more about today is that all of those EMA's are converging quickly in a momentum swing downward with what appears a much higher pitch than before. In essence, if the lower channel TL at 6100 does not hold, BRACE for impact toward the 2015 TL at $4500. There is also notably what appears to be an adam and eve top pattern between the 20K high and 13K retracement. This alone has a potential to trigger serious downward pressure. Let's see where all this leads to in 6 months, shall we!
NOTE: Not trading or investment advice. Entertainment ONLY!