50 EMA with trend line breakout ~ forex trading times in gmt
50 Ema with trend line breakout is a trend following system with price action analysis.
This system is super-simple and can be used on ANY timeframe.
Markets: Forex and Indicies.
The system uses a 50sma for trend direction – then we just watch, visually, for a mini-trendline to form – we then enter when the trendline ‘breaks’.
Top Tip: Trading this system on 5-minute charts during the London session can result in some big winners.
Trading rules 50 EMA with trend line breakout
Buy
When price is above 50SMA and price breaks up mini trend line.
Sell
When price is below 50SMA and price breaks down mini trend line.
Exit Position
Profit Target Ratio Stop loss 1:1 .
Place initial Stop Loss on the previous swing High/Low. |
50 EMA with trend line breakout |
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50 EMA with trend line breakout |
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