It's an Old School opportunity, and valid only for a couple of hours.
the setup consists of 3 Moving averages.
I'm using SMA10, SMA20 and SMA50.
SMA50 is the main direction.
We will look for a long position when the SMA10 is below SMA20, but both of ma’s and price are above SMA50.
The entry area is marked with green rectangle.
the setup consists of 3 Moving averages.
I'm using SMA10, SMA20 and SMA50.
SMA50 is the main direction.
We will look for a long position when the SMA10 is below SMA20, but both of ma’s and price are above SMA50.
The entry area is marked with green rectangle.