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Simple Moving Average + RSI Scalping Strategy

Easiest Strat🚀  Strategy Idea :  - Use a fast moving average (MA) to spot short-term trend direction.  - Use Relative Strength Index (RSI) to detect overbought or oversold conditions for entry/exit.  - Trade only in the direction of the trend indicated by MA.  - This reduces noise and improves win rate.  Indicators & Settings :  - Moving Average (MA): 9-period Simple Moving Average (SMA)  - RSI: 14-period, Levels: 30 (oversold), 70 (overbought)  Entry Rules :  Buy (Long) Entry :  1. Price is above the 9-SMA (uptrend).  2. RSI crosses above 30 from below (coming out of oversold).  3. Enter a long position immediately after RSI crosses above 30.  Sell (Short) Entry :  1. Price is below the 9-SMA (downtrend).  2. RSI crosses below 70 from above (coming out of overbought).  3. Enter a short position immediately after RSI crosses below 70.  Exit Rules:   - Take profit after 5-10 pips gain (...
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REVERSAL STRATEGY (Support & Resistance / RSI Reversal Strategy)

Timeframe: 1-hour or 4-hour

Pairs: Any major pairs

Indicators:

- RSI (Relative Strength Index) set to 14

- Horizontal support and resistance zones


Strategy Overview:

This is a simple reversal strategy that combines key support/resistance zones with RSI to identify potential turning points in the market.


Buy Setup:

1. Identify a clear support zone on the chart.

2. Wait for price to touch the support zone.

3. Check RSI: it should be below 30 (oversold condition).

4. Look for bullish price action signal (e.g. hammer or engulfing candle).

5. Enter long after confirmation candle closes.


Sell Setup:

1. Identify a clear resistance zone.

2. Wait for price to touch the resistance zone.

3. Check RSI: it should be above 70 (overbought condition).

4. Look for bearish price action signal (e.g. shooting star or engulfing candle).

5. Enter short after confirmation candle closes.Stop Loss:

- Below the support zone for buy trades.

- Above the resistance zone for sell trades.


Take Profit:

- Aim for 1:2 risk-reward ratio.

- Or target next support/resistance level.


Risk Management:

- Only take trades with clear signals from both price action and RSI.

- Risk only 1-2% of your capital per trade.

- Avoid overlapping trades on correlated pairs.


Note: Avoid using RSI alone. Always confirm signals with price action and key zones

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