The moving averages that I use are 47 simple MA, 20 exponetial MA and 10 exponetial MA, usually plotted on 5 min chart, but also at hte same time on daily chart for my weekly analysis
47 moving average is used as trend indicator; if the price is up and the 47ma line is 45 degree then we are looking for Buy Opportunities and hopefully buy on pullback; and if the price is below 47ma and the downtrend is around 45 degree we will look to sell.
Price usually is moving very close to the 10 ema, and if it happens the whole body of the price candle to be far from 10 ema then will look for entry in opposite direction of the current price movement.
Another pattern that I use is Reversal Bar pattern to 20 ema to Buy: From the swing high bar the pullback should be min 3 candles and with lowest low touching 20 ema and to close in the upper body of the candle as well as to close above the open. The Reversal Bar to Sell: From the swing low bar the pullback should be min 3 candles and with highest high touching 20 ema and to close in the lower body of the candle as well as to close below the open.
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