Hi friends,
I'm working on a strategy and could use your help.
The general idea is that whenever the supply and demand zones (buying and selling zones) of aligned timeframes (specifically the 2-hour, 4-hour, and 8-hour pairs) overlap, it creates powerful areas for buying and selling. If we plot three Moving Averages—EMA 50, 100, and 200—on the chart to determine the trend and use the 15-minute timeframe for trading, we can enter a trade after a valid reaction and engulfing pattern.
I wanted to know if anyone has worked on this strategy or something similar before? Do you have any ideas or suggestions?
Thanks in advance for your feedback and help!
I'm working on a strategy and could use your help.
The general idea is that whenever the supply and demand zones (buying and selling zones) of aligned timeframes (specifically the 2-hour, 4-hour, and 8-hour pairs) overlap, it creates powerful areas for buying and selling. If we plot three Moving Averages—EMA 50, 100, and 200—on the chart to determine the trend and use the 15-minute timeframe for trading, we can enter a trade after a valid reaction and engulfing pattern.
I wanted to know if anyone has worked on this strategy or something similar before? Do you have any ideas or suggestions?
Thanks in advance for your feedback and help!