Continuation Buy
Preparing to Re-Accumulate On A Re-Test of The 8/21-EMA Range
What does this strategy entail?
The instrument has commenced or is already in an upward trend, with prices above the 8 and 21-day Exponential Moving Averages (EMAs). The EMAs have an adequate positive spread i.e. the 8-EMA is above the 21-EMA. Upon a retracement of the price, the lower boundary or mid-point of the 8/21-EMA range, combined with the 20-day Volume Weighted Moving Average (VWMA) is considered a provisional buy zone. Failing this, the 21-EMA is the next re-accumulation range for traders looking to re-enter buy/long positions.
The strategy is ideal for ultra short-term/active traders looking to capitalise on retracements in a bullish short-term trend.
The strategy assumes no existing position is held by the trader, while the setup is confirmed on the preferred candle structure developing during the upcoming session(s).
Continuation Sell
Preparing to Re-Enter On A Re-Test Of The 8/21-EMA Range
What does this strategy entail?
The instrument has commenced or is already in a downward trend, with prices below the 8 and 21-day Exponential Moving Averages (EMAs). The EMAs have a negative spread i.e. the 8-EMA is below the 21-EMA. Upon a retracement of the price, the upper boundary or mid-point of the 8/21-EMA range, combined with the 20-day Volume Weighted Moving Average (VWMA) is considered a provisional sell zone.
The strategy is ideal for ultra short-term/active traders looking to capitalise on retracements in a bearish short-term trend.
The tickers highlighted assume no existing position held by the trader while the setup is confirmed on the preferred candle structure developing during the upcoming session(s).
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