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312 Views • Nov 24, 2024 • Click to toggle off description
When trading a setup where the price is in an uptrend and pulls back to an Exponential Moving Average (EMA), look for key signals that may present an entry opportunity.
This retracement to the EMA may act as a springboard, pushing prices to new highs as it reaffirms the existing trend’s strength.
First monitor for bullish candlestick patterns or price rejection at the EMA, indicating buyers are stepping back in.
A long setup may appear when the price bounces off the EMA with strength, setting your stop loss just below the EMA to protect against false breaks.
Target new highs, riding the momentum as the uptrend resumes. This strategy uses the EMA’s support role, combining trend analysis with dynamic support monitoring for optimal entry points. Always remember, nothing is guaranteed to work which is which using stop losses is key. This is not financial advice.
Our Channel Links 👉🏻 linktr.ee/tradebulls2212
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RYD date created : 2024-11-26T05:59:03.79114Z
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@raghushankargundlapalli7361
4 days ago
This is EMA 200???
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