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Forex Trading Guide 2021: Long term trading strategy

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Forex Trading Guide 2021: Long term trading strategy

A easy technique primarily based on shifting averages and is designed for a lot of foreign money pairs and different monetary devices. This technique makes use of day by day and weekly charts.

The essence of the technique:

1. Plot three commonplace shifting averages on the W1 chart (values ​​of intervals 4, 8 and 40, that are drawn on the
opening costs)

2. On the day by day chart, we additionally plot three commonplace shifting averages, that are drawn at open costs with intervals of 5, 20 and 50.

3.Opening quick positions:

On the weekly chart, SMA (4) and SMA (8), in addition to SMA (20) on the day by day chart, are pointing down.

The value is beneath the listed shifting averages.

SMA with a interval of 5 went up after which turned down.

The common SMA (20) beforehand went up or horizontally, and the worth crossed it from prime to backside and glued beneath the shifting one.

4. The acquisition is made beneath the alternative circumstances.

5. We open a deal as soon as a day.

6. Set the cease loss on the stage of the earlier excessive (promote) or low (purchase) + 10 factors.

Forex Trading Guide 2021 Long term trading strategy 1

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