ANDNZD 50 sma to 100 sma trade Asian Session

26 thg 7, 2017

This is an alternative to my regular Big 3 trades in the Asian Session. When price travels between the 50 sma and the 100 sma it is best to trade them on 30m or higher time frame so there is enough pips to find 20 to 30 pips or more. This 15 m just happened while I was watching it so I took it. The 800 sma was in the middle of the 50/100 sma's so I had to wait for price to break below it to enter. Price hit TP @1.0785.

26 thg 7, 2017

Ghi chú

When price goes through these 2 sma's it has little momentum so it drifts. When it breaks out of one of these sma's then it has momentum behind it. When price broke out of the 100 sma and hit my TP it was a long body candle and the next candle was a long body candle showing momentum. Those two candles started at 1.0690 and fell to 1.0665

26 thg 7, 2017

Ghi chú

When price breaks out of one of these sma's there is a lot of momentum and usually a strong retrace or beginning of a new trend. The price went down as far as 1.0627 from 1.0690 when it broke the 100 sma.