Forex Trading Strategies

5 SMA and 5 RSI Forex Trading Strategy 🤛

5 period SMA and 5 period RSI Forex trading strategy. PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE This is a 15 minute chart USD/JPY – we have a simple moving average (5 period), also below that we have the Relative Strength Index (5 period). We also have a line showing the middle point between oversold and overbought conditions. This strategy looks like whipsaw heaven but let’s examine it into more detail and see if we can tweak it to turn it into a profitable strategy. You go long when the price moves above the SMA and the RSI is above the 50 period line. We also add another criteria in that we need a 10 pip move above the simple moving average.

Articles You May Like

EU’s Malstrom: Potential retaliatory tariffs list against US to be published on 17 April
EUR/USD buyers lose their grip as euro falls on ECB growth doubts
US housing starts for March 1139K vs 1225K estimate
📈 : Forex Trading Video For Beginners – Live FX Stream by Forex.Today
New lows for the EURUSD

Leave a Reply

Your email address will not be published. Required fields are marked *