2015-10-05_21-08-58eurjpy

In very simplistic terms if we use moving averages then we really might be willing to use them.

They represent:

200 MA = Trend

21 and 55 MA = Market Direction

5 and 8 MA = Momentum of price

So let us allign all the moving averages to profit from high probability moves trading short when price is below all the MA´s and trading bullish when price is over all the MA´s.

Wait for a retracement to enter your trade to receive a better price for your entry.

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