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Figure 1 shows how Trxde average crossover works as a buy dcratch. ) is required. This scenario is thought to be one of the rarer by technical analysts, and is consequently regarded as a great opportunity when it is identified. The reason I use simple moving averages over exponential moving averages, IвЂve found simple moving averages tend to be a better support or resistant indicator than exponential moving averages.
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For 1hr, stop loss should be 50-60pips while take profit should be 70-120pips, for 4hr stop loss should be 100pips while take profit should be 100-500pips.
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